UK Shared Prosperity Fund - Supporting Local Business Grant Programme 2024/25

The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK government's Levelling Up agenda, providing all areas of the UK with an allocation of funding to invest in domestic priorities and targeting funding where it is needed most: building pride in place, supporting high quality skills training, supporting pay, employment and productivity growth and increasing life chances.

This grant programme is being delivered as part of the UKSPF Supporting Local Business Investment Priority to support entrepreneurship, business development, local and social economies.

There are 3 grant streams:

  • Growth Start-up: maximum grant of £5,000 per business
  • Net Zero Carbon: maximum grant of £25,000 per business, minimum 70% of award on capital costs, match funding of 20% required
  • Business Growth and Innovation: maximum grant of £35,000 per business, minimum 70% of award on capital grants, match funding of 20% required

The main objective for each is to provide financial support for:

  • business growth and sustainability
  • increased local employment opportunities
  • adoption of innovation
  • the transition towards net-zero / tackling the climate and ecological emergency

Priority consideration for grant funding will be given to applicants whose proposals clearly demonstrate ability to evidence more than one of the key UKSPF Outcomes, whose proposals will encourage employment, grow an existing East Lothian business, support sustainability, safeguard existing or create jobs.

We recommend that all applicants read the Guidance Notes before contacting us to progress any further. This application round closes at 12noon on Monday 3 June 2024.

Download the Guidance Notes