New South Derbyshire Business Grant Scheme Launched

South Derbyshire District Council has launched a new grant scheme for businesses, backed by the UK Shared Prosperity Fund and Rural Economic Prosperity Fund.

The grant scheme aims to encourage business development and job creation by supporting private investment in growth-enhancing activities.

Grants will be targeted at smaller businesses, helping them to increase productivity, purchase equipment, introduce new processes or techniques, start or grow their exports, or introduce new products or services.

The grant scheme aims to enhance business resilience, stimulate enterprise and innovation, enable businesses to access new markets, and encourage green growth.

Grants can part-fund new capital or revenue investment that businesses would like to undertake in South Derbyshire prior to 31 December 2024.

The first competitive call for Expressions of Interest will close on 30 June 2023. Following this, if funds remain available, grants will be offered on a first come-first served basis.

Further information about the UK Shared Prosperity Fund - South Derbyshire Business Grant Scheme can be found at: www.southderbyshire.gov.uk/business.

The grant scheme is funded by the UK Government through the UK Shared Prosperity Fund. The UK Shared Prosperity Fund is a central pillar of the UK Government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information visit:  https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus.

11 May 2023