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‘Net zero carbon start-up grant’ launches pilot in Wales

Net Zero

A new pilot scheme will offer financial support to promising Welsh social businesses to help get ‘start-ups’ off the ground. The scheme will provide technical support to embed climate friendly practices.

The scheme is open to any up-and-coming social business or trading voluntary organisation that are:

  • Wales based, delivering benefits for Welsh communities.
  • Incorporated, with a sound business plan but as yet unproven revenue streams (unincorporated organisations can apply but will need to become incorporated before any funds are released).
  • Ambitious for growth to create employment and achieve social impact.
  • Committed to achieving net zero carbon status for the business (Net zero is defined as working to minimise carbon emissions generated by the business and offsetting the residual – it recognises that very few businesses will be truly ‘zero carbon’ ones).

The Net zero carbon start-up grant is funded by Welsh Government and managed by the Social Investment Cymru team at WCVA.

This is a pilot project with an initial grant pot of £150,000 to support 12 social enterprises.

For more information, including how to apply, please visit WCVA.

Loosemores is ranked Tier 2 for Charities & Not-for-profit in Wales by The Legal 500 and our Charity team lead, Rebecca McCarthy, is recognised as a ‘Rising Star’ for Charities & Not-for-profit in Wales.

If you need any specialist advice from our team of legal experts, call us on 02920 224433 or contact Rebecca via McCarthyR@loosemores.co.uk.

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