Supporting SME business growth with capital investment
The Small Grants Fund is designed to help SME businesses in Telford and Wrekin with financial assistance for eligible capital investment projects that drive growth, including:
> Expanding into new markets
> Adopting new technologies or processes
> Improving productivity
> Launching new products or services
> Creating jobs
Grant details:
> Match-funded grants from £500 up to £2,000
> Covers up to 100% of project costs, up to £2,000 max
> Any project costs beyond £2,000 must be funded independently
> Retrospective purchases are not eligible
> Excludes credit cards, hire purchase, lease purchase, or asset finance
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.