Looking at that list (below), it would seem that there aren't many new businesses that have setup without some form of grant from WG. I'm personally ok with offering money to support such things, but it should be treated as a loan and repaid, even if interest free, over a period of 10 years.
2016/2017
■ Zip World Ltd & Zip World Fforest Ltd (Signage) Bethesda & Betws Y Coed, Gwynedd £11,500
■ Erskine Arms, Conwy, £140,000
■ Conwy Adventure Leisure Ltd (Signage) Dolgarrog, Conwy £7,947
■ Furnace Farm Ltd, Bodnant Welsh Food Centre (Signage) Tal y Cafn Conwy £3,489
■ National Beekeeping Centre CIC (Signage)Tal y Cafn, Conwy, £1,676
■ Zip World Forest Ltd, Betws Y Coed, Conwy, £320,000
■ Sport Wales, Plas Menai National Outdoor Centre Caernarfon, £170,000
■ Ty Glyndwr, Caernarfon, £25,000
■ Plas Yn Dre, Bala £72,000
■ Dylans Restaurant, Llandudno £190,000
■ Pontcysyllte Tea Rooms Llangollen £30,000
2015/2016
Catch 22 Brasserie Limited Valley Anglesey £65,000 Trecks
Bunkhouse Llan Ffestiniog Gwynedd £5,000
Greenwood Forest Park Y Felinheli Gwynedd £250,000
The Crown Hotel Barmouth Gwynedd £85,400
Enoteca Y Felinheli Gwynedd £30,000
Kinmel Arms Abergele Conwy £7,257
Iscoyd Park LLP Whitchurch Wrexham £35,000
Venu Bar Company Ltd Pwllheli Gwynedd £38,250
The Trotting Mare Caravan Park Ltd Overton Wrexham £5,000
2014/2015
Ship Hotel Aberdaron Gwynedd £45,000
Pen y Garth Lodge Park Bala Gwynedd £30,000
Cyngor Cymuned Llanengan Abersoch Gwynedd £25,000
Nant Gwrtheryn Nefyn Gwynedd £80,000
Dylans Restaurant Criccieth Gwynedd £140,000
Shel Restaurant(Porth Eirias) Colwyn Bay Conwy £135,000
Sea Shanty Restaurant Trearddur Bay Anglesey £134,050
Olif Betws Betws-Y-Coed Conwy £12,176
Lodge Holidays Ltd Bryn Refail, Nr Llanberis Gwynedd £16,512
Cwrw Llyn Pwllheli Gwynedd £10,000