UKSPF Small Capital Grant Scheme for Business

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A new round of funding for small businesses in Shropshire will open on Monday 12 May.

The UK Shared Prosperity team within Shropshire Council will invite further applications for the UKSPF Small Capital Grant Scheme for Business from next week.  The grant has been one of their most successful schemes and has helped many small businesses in the county to innovate and grow.

The grant was initially launched in March 2024. To date, approximately £470,000 has been awarded to 77 businesses.

Companies from 1 to 49 employees can apply for the grant if their business is physically located in the Shropshire Council local authority area.

Applicants will need to demonstrate how the grant will help them create new employment opportunities, or develop new products, processes, or services. They will also be expected to match-fund the amount of grant applied for by at least 50% of the total investment.

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