Improving productivity and competitiveness in the Solent delivers wider benefits for the UK and requires targeted and sustained investment in both our businesses and our infrastructure.
The Solent Prosperity Fund (SPF) has been made available to support the economy to become more productive and prosperous, whilst strengthening the exceptional environment that our area benefits from.
The SPF for large projects aims to provide opportunities for organisations to deliver large capital projects that can deliver one or more of the following outputs:
Enabling / unlocking housing delivery;
Improved productivity in priority sectors;
Connecting communities and businesses (digital and transport);
Developing skills and talent needed by employers;
Pioneering innovation and research;
Strengthened natural capital infrastructure;
Unlocking waterfront employment sites;
Respond to key environmental challenges.
The LEP will also consider proposals for programme funding from organisations with experience managing public funds who can come forward with co-investment opportunities to support:
Accelerated housing delivery
Natural capital enhancements
Low carbon energy innovations
Growth in priority sectors
Funding is being made available between £500,000 and £5,000,000 in the form of grant, loan or equity investment. Exceptionally, the Solent LEP can also consider higher levels of funding support where there is a significant opportunity for the Solent economy.
For more information and to speak to a member of the team in relation to your proposal, please complete the Enquiry form below and we will get in contact with you.
You may be interested in joining a Large Project and Programme briefing webinar. These webinars will provide you with in depth detail on the application requirements and processes. To register clickHERE. For applicants interested in developing a project proposal, this film that gives advice on writing a successful business case (please note that this video resource will not be applicable for organisations developing programme based proposals).
We also want to hear from you if you want to "GET INVOLVED" with the Solent LEP. You can find more info about what you can get involved with HERE.