Grants of up to £250,000 available to help Welsh businesses invest in new technology

Businesses and organisations across Wales can now apply for grants of up to £250,000 to invest in new equipment and technology.

Applications have opened for the latest round of the Welsh Government’s SMART Flexible Innovation Support Capital Equipment Fund.

Grants of between £50,000 and £250,000 are available to businesses, universities, research organisations, further education colleges and NHS health boards operating in Wales.

The funding is designed to support in investment in machinery, equipment, automation and other technology aimed at improving productivity and helping organisations remain competitive.

Since launching in 2023 more than £20.1 million has been awarded to 171 organisations across Wales.

The Welsh Government said the funding has supported the development of new products, services and ways of working, as well as collaboration between businesses. universities and public sector organisations.

Announcing the latest funding round of funding at REECO Automation Ltd, in Newtown,  Cabinet Secretary for Enterprise, Connectivity and Energy Adam Price said: “Wales has no shortage of great ideas, talent and ambition, and we are proud to support organisations to innovate, grow and succeed.

“Innovation is vital to driving productivity and helping us to achieve our wider ambition of closing the productivity gap with the rest of the UK.

“By supporting investment in modern equipment, automation and advanced technologies, this fund will help organisations increase productivity, strengthen competitiveness and create long-term economic value for Wales.”

“I encourage eligible organisations to explore the fund and consider applying for this valuable support.”

REECO Automation Ltd received a £100,000 SMART Innovation Support R&D Grant in 2025, which the company said had supported the development of new products and manufacturing technology.

Rosie Davies, Managing Director at REECO said: “REECO has benefited greatly from an SFIS Innovation Grant from the Welsh Government.

“The funding has supported the development of several new products and manufacturing innovations, including our agnostic robotic palletiser and humanoid robotics solutions for industrial applications.

“The grant has given REECO an added incentive to accelerate innovation, develop new products and enter new markets.

“We would recommend that organisations explore this capital equipment funding opportunity to help unlock their innovation plans and drive business growth.”

Applications for the grant close at 11:59pm on September 25. Funding decisions are expected from the week commencing October 26.

Full details on how to apply can be found on the Welsh Government website.