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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 (over £500,000) but this element of the Fund is not available at present. Further information will be available at the relaunch of the funding provided by the Solent LEP. If you would like to register your interest in that element and would like to be contacted once these have been relaunched, please email enquiries@solentlep.org.uk. 

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 delivery in 2019/20.

How does it work?

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

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

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 private sector secured match funding. 

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.