Investing in Business RSA Cymru Wales (Regional Selective Assistance) and Assembly Investment Grant Julia Hughes Invest Wales

RSA and AIG Discretionary grants Notified (not de minimis) Capital investment in Wales that will improve profitability, efficiency and quality Expansion, modernisation, restructuring or start-ups RSA – Assisted Areas only RSA – must create/safeguard jobs AIG – SME’s only, all Wales

Who can apply Manufacturing companies, unless EC restrictions Service sector, except those serving local areas Not retail Projects that cause over capacity and/or job losses elsewhere are unlikely to qualify

Eligible capital spend Plant and machinery Office equipment Fixtures and fittings Intellectual Property Rights (IPR) Vehicles essential to the project Land & buildings if part of the project

Job Grant Exceptional at our discretion New jobs must be linked to capital investment Low capital investment, ie R&D, IT, CRM Unusual to apply to manufacturing project Has to meet the criteria

Criteria Location Additionality/need for grant Viability Efficiency Quality

Quality Assessment Value for money Introduction of competitive products Good salary levels Good management practices Training plans to support skilled jobs Equality of opportunity Use of technology Innovation/R&D activity Economic and environmental sustainability

Process AIG ROI Application form and supporting information Appraisal Offer RSA Initial contact Meeting(s) Business plan Application Appraisal Offer

Information Required Completed forms Cash flows, p&l, balance sheets Business plan – General background Products/process Market information Financial results The project Management and labour Sustainability Innovation Financial forecasts & funding Need for grant

RSA Refocus Productivity Competitiveness – quality innovation training Higher value added Equal opportunities Sustainability – economic and environmental

RSA moving forward Move away from culture of grant dependency One stop shop approach RSA just one part of the resources available More flexible & innovative packages tailored to the needs of the company More emphasis on training & training support Evidence based policies and interventions – quality assessments and GVA tests Single source of investment funding

New Assisted Areas WWV retains Tier 1 status from 2007 to 2013 Level 30% Gross Grant Equivalent SME’s – 30 % ceiling increased by 20% GGE for small enterprises, 10% for medium Tier 2 areas – 10% GGE SMEs – 20% and 10% increases

Key changes affecting RSA Gross grant, not net Motor vehicle sector no longer subject to tighter aid ceilings for larger projects

Contact details Julia Hughes General Enquiry: