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Welsh Government's Future Proofing Fund Explained - Funding for EV Chargers

We've put together a handy guide explaining the Welsh Government's Future Proofing Fund and how you can apply.
Updated on
May 28, 2024

Looking for ways to make your Welsh business more sustainable and attract eco-conscious customers? The Welsh Government's £20 million Future Proofing Fund is offering grants of between £5,000 and £10,000 to eligible micro, small, and medium-sized businesses (SMEs) in the retail, hospitality, and leisure sectors.

What can you use the grant for?

One of the exciting ways you can use this grant is to install electric vehicle (EV) charging points at your business. This is a brilliant opportunity to cater to the growing number of EV drivers and give your customers a convenient way to recharge while they visit.

The Cabinet Secretary for the Economy, Energy and Welsh Language, Jeremy Miles, said:

"Micro, small and medium sized businesses are what makes our economy tick, and as a Government we’re committed to helping them succeed.
My message to businesses today is simple, if you’re eligible – go ahead and apply now for this help."

Why offer EV charging?

There are many benefits to offering EV charging at your business:

  • Attract new customers: EV drivers are actively seeking businesses with charging facilities. By offering this service, you'll attract a whole new customer base who might not have considered visiting you before.
  • Improve customer experience: Make your business more convenient for existing customers who drive EVs. They'll appreciate the ability to top up their charge while they enjoy your services.
  • Future-proof your business: The popularity of EVs is only going to increase. By investing in charging points now, you're ensuring your business stays ahead of the curve and remains relevant to future customers.
  • Promote sustainability: Showcasing your commitment to sustainability can give your business a positive image and attract customers who value eco-friendly practices.

How to apply

Download our guide

We've put together a handy guide walking you through the application process. You can download our guide here.

Check your eligibility

Head over to the Business Wales website to see if your business qualifies for the grant. Your business needs to:

  • employ between 1 and 249 people
  • have been trading since before 5 April 2023
  • operate from a property with a rateable value of between £6,001 and £51,000
  • either own or are leasing the business premises on a minimum 3-year lease that extends beyond 4 April 2026

Gather your information

Once you've confirmed your eligibility, you'll need to gather some basic information about your business and your plans for using the grant.

Apply online

The application process is done entirely online, making it quick and easy.

The deadline to apply is Thursday, June 6th, 2024, so don't miss out!

Contact us to learn more about VoltShare EV chargers, download our guide to applying or visit the Business Wales website today to apply.

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VoltShare are an EV charging technology provider for the hospitality industry that simplifies management, payments collection, and technology integration. We empower small to large-sized venues to futureproof themselves, while ensuring they remain resource-efficient and profitable.

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