Grow your business with a grant of up to £25k

6 November 2023

Businesses in Powys with plans to expand, or secure their future in challenging times, could be eligible for a Growth Grant from the county council.

Sums of between £1,000 and £25,000 are available after a total of £393,000 was secured by the council, from the UK Government, via the Shared Prosperity Fund.

This money will be made available over a two-year-period with the current window for applications open until 5pm on Friday 15 December. A second window is then likely to open on 1 April 2024.

Both windows could also close early if all the funds are allocated - £143,000 for the first and £250,000 for the second.

"These grants are being delivered as part of our ongoing commitment to support economic development during difficult times," said Cllr David Selby, Cabinet Member for a More Prosperous Powys, "as part of our wider aim of creating a stronger, fairer and greener Powys.

"We want to help businesses in the county, and those that want to move  here, at all stages of development to start, sustain, grow and innovate, including through local networks."

Each grant award will be based on 50 per cent of eligible project costs or a maximum of £5,000 per job created and/or £5,000 per job safeguarded, whichever is the lesser. (At least one new job must be created and/or one full time equivalent job safeguarded, to access the grant.) 

Submit an expression of interest for a Powys Business Growth Grant now: https://formbuilder.evolutive.co.uk/formsite/form/1fb98514-ff18-445a-8c61-e8ea3bc8cf6a

The money can be used to help fund capital schemes and one-off revenue projects but cannot be used to cover usual running costs.

The support is aimed primarily at the following sectors:

• Advanced Materials and Manufacturing
• Construction
• Creative Industries
• Energy and Environment
• Finance and Professional Services
• Information, Technology and Telecoms
• Life Sciences
• Food and Drink
• Tourism
• Retail
• Care

Applications from other sectors, except for farming, fishing, forestry and statutory services, will be considered, based on their value to the local economy.

Ideally, the people being given jobs, or kept in existing jobs, will be paid the Real Living Wage: https://www.livingwage.org.uk/what-real-living-wage

Businesses taking part will also be asked to show their commitment to sustainable development and sign up to the Welsh Government's Green Growth Pledge: https://businesswales.gov.wales/topics-and-guidance/sustainability-and-social-responsibility/green-growth-pledge

For more information visit the Powys County Council website: 

Or email: regeneration@powys.gov.uk