Tourism investment funds open – proposals invited

Friday, October 27, 2017

Proposals are being invited from the tourism industry for the next round of tourism investment funds, worth over £1m for 2018/2019 to build on the £2m already allocated to partners delivering projects during the Year of the Sea.

The Tourism Product Innovation Fund (TPIF) and Regional Tourism Engagement Fund (RTEF) will help the private and public sector work together to develop and deliver innovative destination and product led initiatives linked to Year of the Sea 2018, Year of the Discovery 2019 and Wales Way.

We are looking for big idea projects which can make a real difference in making Wales a must visit destination and give people compelling reasons to visit Wales. For the Year of the Sea we want to challenge perceptions with new innovative 21st century products, events and experiences that tell the fantastic stories of our various coastal destinations. Our aim for the year is to celebrate Wales’ epic coast in order to make Wales a stand out UK destination.

Expressions of Interest should be made by Friday 24 November 2017 for this 2018-2019 round of funding for both Tourism Product Innovation Fund (TPIF) and Regional Tourism Engagement Fund (RTEF) - with full spend to be completed by March 2019. 

Find out more information about our tourism funding here where you can also watch our short film introducing our support and find out how we have helped other tourism businesses. Also take a look at successful projects assisted through TPIF and RTEF. Following reference to the guidance here - TPIF / RTEF - if you wish to discuss your proposal please email the Regional Tourism Engagement team

Both the Tourism Product Innovation Fund (TPIF) and Regional Tourism Engagement Fund (RTEF) are supported supported through the Welsh Government Rural Communities Rural Development Programme 2014-2020, funded by the European Agricultural Fund for Rural Development (EAFRD), and Welsh Government.


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