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Supporting Enterprises

Prosperous Denbighshire

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Prosperous Denbighshire is funded by the UK Government through the UK Shared Prosperity Fund through the ‘supporting local business’ investment priority. The project aim is aligned to the UKSPF aims to boost productivity, pay, jobs and living standards by growing the private sector, with focus on supporting micro and small enterprises within Denbighshire.

The objectives are:

  • Creating jobs and boosting community cohesion, through investments that build on existing industries and institutions, and range from support for starting businesses to visible improvements to local retail, hospitality and leisure sector facilities.
  • Increasing private sector investment in growth-enhancing activities, through targeted support for micro and small businesses to undertake new-to-firm innovation, adopt productivity-enhancing, energy efficient and low carbon technologies and techniques; and start or grow their exports.

 

About the grant:

The fund will directly support micro and small enterprises in Denbighshire by providing two grant schemes towards costs relating to the introduction of new products or processes:

  1. Larger projects: 70% capital and revenue grant, with a maximum total project spend of £25,000 (which would be £17,500 grant funds and £7,500 applicant cash match funding). There is a minimum grant application value of £3,000.
  2. Micro business Start Up & Small Business grant: up to 100% revenue grant with a maximum total project spend of £2,000. To enable the fund to reach as many businesses as possible, a cash match contribution will score higher at panel.  There is a minimum grant application value of £1,000.

All successful projects must have been completed and claimed no later than 30th September 2024

Who can apply? 

Existing micro & small businesses, new business start-ups and social enterprises will be eligible to apply.

The project will enable enterprises to innovate; adopt energy efficient and low carbon technologies; and trial new products, processes and service delivery.  There will be a focus on business expansion, supporting the introduction of innovative technologies and new ways of doing businesses.

How to apply? 

Full details of the Prosperous Denbighshire Fund can be found in the GUIDANCE NOTES.  Please note that the guidance has been updated from 8th January 2024.

A PRE-APPLICATION ELIGIBILITY FORM will be required to be completed online. The Business Grants Project Officer will contact you to discuss your application.

 

If you’d like to discuss your ideas, please contact:

Donna Hughes on 01490 340500 / 07833 084352