Do you know about the Solent Prosperity Fund?

Support to help new and established businesses to grow

Do you know about the Solent Prosperity Fund?  Solent Local Enterprise Partnership's support team can assist you in making an application.

There are three types of Funding Support available:

  • Start-up Business                             £10,000 - £100,000

  • Small & Medium business              £10,000 - £500,000

  • Large Projects                                   £500,000 - £14,000,000

These three types of funding support aim to provide opportunities for both new and established businesses to grow, and for businesses and other organisations to deliver larger capital projects that can deliver one or more of the following outputs:

  • Enabling / unlocking housing delivery
  • SME Growth
  • Improved productivity in priority sectors
  • Connecting communities (digital and transport)
  • Employment growth
  • Developing skills and talent
  • Innovation and research

Exceptionally the LEP Board may consider projects that are seeking to safeguard key industries that are subject to pressing economic challenges, subject to affordability.  If you are seeking funding for a project of this nature you MUST contact the Solent LEP on 02392 688924. 

This is an open call for projects that can demonstrate a need for capital funding support from the Solent LEP and that are high quality and highly deliverable projects.  This Fund is only available for projects able to commence delivery in 2018-19 or 2019-20.

The following forms of funding support are being made available:

  • Grant
  • Loan
  • Forward funding

The amount of funding sought from the Solent Prosperity Fund must contribute directly to a project alongside confirmed and secured funding, and the project must demonstrate that it will bring in additional private sector investment.  

Visit the Solent Growth Hub website to find out more.