Supporting Local Business
Funding interventions that support local businesses
The Supporting Local Business investment priority is designed to fund interventions that support local businesses to thrive, innovate and grow.
Indicative funding has been set to approximately £2.35 million for 1 April 2023 to 31 March 2025.
The Council has developed four priority areas which this funding is focused upon:
- early years (£345,000) - programmes to enable entrepreneurs to start and grow businesses in their first years in Derby
- sector and innovation opportunities (£1.04 million) - programmes that champion innovation in product, process, or service delivery, enabling company development in Derby's key sectors
- inward investment (£600,000) - A marketing programme to bring new key sector companies or to support new external investment into the city
- recruitment, skills, and growth advisory supporting roles – (£306,000) supporting roles that help with recruitment and skills provision and growth and scale-up advice.
Following the conclusion of our Open Call and subsequent assessment process we are pleased to confirm the applicants that were successful in obtaining UKSPF grant funding to deliver their projects.