Grant scheme for innovation and technology opens for Welsh organisations

Applications are now open for the latest round of SMART funding to help organisations across Wales invest in new equipment and technology.

The funding round is open to businesses, universities, research organisations, further education colleges, third sector organisations and NHS Health Boards operating in Wales.

Since 2023, SMART Flexible Innovation Support (SFIS) has supported 171 organisations across Wales, with more than £20.1 million in grant funding awarded.

The funding has helped organisations develop new products, services and ways of working, improve productivity and explore new opportunities for growth. It has also supported collaboration between businesses, universities and public sector organisations, helping to turn new ideas into real benefits for Wales.

The latest round of the SMART Flexible Innovation Support (SFIS) Capital Equipment Fund offers grants of between £50,000 and £250,000 to help organisations work more efficiently and increase productivity. Projects that reuse materials and make better use of resources are also encouraged.

Successful projects must show how investment in new equipment or technology will improve productivity and bring wider benefits to Wales. The fund can support the purchase and installation of machinery and equipment that helps organisations improve performance and stay competitive in the future.

Applications are open until 23:59 on 25 September 2026.

For further information please select the following link: Grant scheme for innovation and technology opens for Welsh organisations | GOV.WALES.