Cardiff Grassroots Venue Fund

The new Shared Prosperity Fund (SPF) Grassroots Venue Fund will support existing venues to invest in their venue to make them more financially or environmentally sustainable. The new fund will be available to Cardiff Local Authority based venues who meet the following criteria:

· A limited company, registered social enterprise, CIC or charity.
· Has an operating turnover in last two years above the VAT threshold (£85,000).
· An established business that has been trading more than two years.
· Cardiff venue whose primary purpose is cultural performance
· An SME (less than 250 employees and an annual turnover under €50 million)

Business applications will be considered for investments that link with the city’s Stronger, Fairer, Greener Recovery Strategy and the Cardiff Music Strategy, and will deliver:

· Job Creation and job safeguarding – monitored over a 12 month period
· Reduced energy consumption and CO2 reductions
· Increased venue accessibility

The Grassroots Venue Fund will consist of:

· Capital grants from £1,000 to £10,000
· Available to businesses with their registered business address in Cardiff
· Two quotes required for project spend
· Grant will be 75% of total project spend excluding VAT
· Items must not have had deposit or committed to purchase prior to approval.

For details visit: www.cardiff.gov.uk/ENG/Business/Support-and-Finance-for-Business/grassroots-venue-fund