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Solent Prosperity Fund

The Solent Prosperity Fund

The Solent Prosperity Fund is grant money from the Local Growth Deal to provide opportunities for new and established businesses to grow. It is also available for businesses and other organisations to deliver larger capital projects that can deliver one or more of the following:

  • Enabling or unlocking housing delivery
  • Small and medium-sized business growth
  • Improved productivity in priority sectors* (see below)
  • Connecting communities (digital and/or transport)
  • Employment growth
  • Developing skills and talent
  • Innovation and research

Why apply?

If you are successful in your application for the Solent Prosperity Funding, you will also receive a wealth of support from the Solent LEP team including advice and free workshops. We can also signpost you to a whole range of services and support that will help with your growth plans for your business or project.

Who should apply?

You should apply if you:

  • Can demonstrate a need for capital funding support from the Solent LEP
  • Have a project or business that is high quality and highly deliverable

The Solent Prosperity Fund is only available for projects starting deliver in 2018/19 or 2019/20.

How does it work?

The Solent Prosperity Fund is available for three different types of application:

  1. Start-up businesses                                  £10,000 - £100,000
  2. Small & medium-sized businesses        £10,000 - £500,000
  3. Large projects                                           £500,000 - £14,000,000

Every application is different and so the best thing to do is to get in contact with our Business Support Executives. They can talk you through what is available and whether you are better off applying for a grant, a loan or for forward funding.

What's the small print?

The amount of funding that you seek from the Solent Prosperity Fund must contribute directly to a project alongside confirmed and secured funding. You will also need to demonstrate that the project will bring in additional private sector investment. 

Get in touch!

To find out more about the Solent Prosperity Fund, call our Business Support Executives on 023 9268 8055 or send them an email on enquiries@solentlep.org.uk  They can help you with your application and make sure you know what information to submit and when.

*Priority sectors include:

  • Clean / Green Technology
  • Marine and Maritime
  • Advanced Manufacturing
  • Aerospace
  • Defence
  • Life sciences and healthcare
  • Digital technologies
  • Oil and Gas
  • Information economy
  • Construction
  • Digital creative Industries