This project 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
The fund would support our local (commercial or social) businesses to renew and develop into the future and will enable the provision of grants to support economic growth and sustainability.
The fund will consider project applications for interventions under the Investment Priority area of Supporting local Business (W16-W33).
Project applications will need to demonstrate how they will deliver the associated outputs and outcomes.
To be eligible to receive investment support, businesses must be located in the County of Conwy, have been actively trading over 6 months and registered with HMRC.
The scheme offers funding of UP TO 70% on eligible capital and/or revenue expenditure for projects with awards offered from £3,000 up to £100,000.
This fund is administered on a first come first serve basis.
Applications are not considered fully submitted until such time as all the required information is received.
To be considered, your project should fit one or more of the defined interventions and deliver one or more of the following outputs and outcomes:
- Job Creation
- Job Safeguarding
- Introduction of new to firm technologies or processes
- Improved productivity
- Increased amount of investment
- Projects arising from funded feasibility studies.
- People attending training
- Low or zero carbon energy infrastructure installed
- Increasing competitiveness
- Aiding business growth
- Making efficiency gains
- Increasing sustainability
- Introducing new products, services or markets to the firm
- Focus on decarbonisation and the climate emergency
Application will be through the online form. Along with the application form a number of supporting documents and information will be required.
Please read the guidance document in full to ensure all information is attached before submission of the application.
We ask that you speak to a member of the Business Support Team before submission of any application. To arrange to speak to a member of the team please email business@conwy.gov.uk.
Please be aware that available funds are now very limited and therefore funding cannot be guaranteed for all applications received.
