The North West Wales Local Investment Fund (LIF)

The information on these pages is also available as a PDF for you to print off and keep - see the

attachment at the bottom of the page.

The scheme is targeted at small and medium sized enterprises (employing less than 250 people) with either a turnover not exceeding €50 million or a balance sheet not exceeding €43 million; based in the local authorities of Conwy, Denbighshire, Gwynedd and the Isle of Anglesey.

To be considered, your project must meet one or more of these objectives:

• creating jobs
• sustaining jobs
• increasing turnover
• aiding business growth
• increasing competitiveness
• making efficiency gains
• increasing sustainability
• stimulating further investment / growth
• introducing new products, services or markets
• creating / developing a Social Enterprise
• supporting a key sector.

As the grant is part funded through the European Regional Development Fund (Convergence) businesses will need to be eligible for funding under this scheme. There are certain sectors/activities which are deemed ineligible for EU funding and these include:-

• coal / steel
• shipbuilding
• synthetic fibres production
• activities which fall under the remit of other EU Programmes, e.g. Rural Development / European Fisheries
• banks
• insurance companies
• housing
• statutory education
• health services
• sport  /leisure / recreation activities
• fisheries / aquaculture / agriculture and Annex 1food production/milk substitutes/export related activities

Additionally, LIF cannot support projects which cause displacement, (i.e. provide an unfair advantage over local competitors).

For further information with regards to the eligibility of project costs please refer to section 11 on the LIF scheme criteria page.