City of Wolverhampton Council is launching its latest round of business grants to support Wolverhampton businesses with capital investment and low-carbon projects.
The average grant is expected to be £15,000, at a 50% intervention rate of the total project costs the funding is for.
The council aims to support at least 50 eligible businesses.
Funding will come from the UK Shared Prosperity Fund (UKSPF) – a 3 year fund replacing European Structural and Investment Funds (ESIFs) such as the European Regional Development Fund (ERDF) and the European Social Fund (ESF).
The 2 grants that will be available are the West Midlands Business grant and the Net Zero grant. The window for Expressions of Interest in both grants will open on Thursday 21 March and close at 4pm on Wednesday 10 April, 2024.
The West Midlands Business grant is intended to bolster investment, innovation and growth activities of SMEs, while the Net Zero grant seeks to support businesses to reduce their environmental impact and the rising energy costs these companies are experiencing.
The latest grants will be launched at a free breakfast workshop, at Wolverhampton Science Park (WV10 9RU) on 21 March, between 8.30am and 11am, where full details of grant eligibility and the application processes will be shared along with details of some of the other new business support programmes.
To book a place, visit Grants and Business Support 2024 – Wolverhampton Tickets, Thu 21 Mar 2024 at 08:30 | Eventbrite.
