SMART Capital Equipment Fund – Competitive Call

The SMART Capital Equipment Fund supports organisations in Wales to improve productivity, competitiveness and sustainable growth through investment in new and innovative capital equipment. This includes digitalisation, automation and advanced manufacturing technologies.

This competitive fund supports investment in new technologies, equipment and processes that enable organisations to create greater value from the resources they use, including people, materials, energy and assets.

Grant awards of between £50,000 and £250,000 are available. Projects must have eligible capital costs of at least £100,000. Funding may typically support up to 50% of eligible capital costs, subject to the applicable intervention rate. Any variation to the maximum funding amount will be considered only in exceptional circumstances

Application deadline: 23:59 on 25 September 2026

Award decisions announced: Week commencing 26 October 2026

Final claim and evidence of defrayed expenditure submitted by: 31 January 2027

Productivity impact to be demonstrated by: 31 March 2028

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