The Large Grants Fund helps SME businesses in the Borough with financial support for capital investment projects focused on growth and innovation.
Projects could include:
> Expanding into new markets
> Adopting new technologies or processes
> Improving productivity
> Launching new products or services
> Creating jobs
Grant details:
> Match-funded grants ranging from £3,000 up to £10,000
> Covers up to 70% of project costs; business to fund remaining 30%
> Retrospective projects not eligible
> Excludes credit cards, hire purchase, lease purchase, or asset finance
Example of funding in practice:
> Company A purchases equipment costing £10,000 and receives £7,000 grant, contributing £3,000 independently
> Company B purchases a £26,000 system and receives the £10,000 maximum grant, funding the remaining £16,000
Thrive Telford has been made possible thanks to the UK Shared Prosperity Fund (UKSPF). For more information, visit the UKSPF prospectus here.
*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 by investing in communities, supporting local businesses and people and creating new skills.
Sign up for our e-newsletter
