Business Growth Grants totalling ยฃ1.7 million are now available to all small and medium enterprises (SMEs) in Surrey. Apply now to fund bright ideas to accelerate growth, boost innovation and create jobs.ย
The funding is available as part of the Surrey Economic Growth Fund.
Businesses can apply for match-funding of between ยฃ10,000 and ยฃ75,000 towards new equipment or technology. It can also support developing new products or services, expanding operations or facilities, or investing in staff training and upskilling.ย
The key thing is that businesses demonstrate how they will use the investment to deliver real benefits to the people, places and economy of Surrey.
Apply now via the Economic Growth Fund page before midnight on 16 November. All projects need to be complete by the end of March.ย
What is the Surrey Economic Growth Fund?
The Surrey Economic Growth Fund launched this year. It includes a range of public and investment streams, including government UK Shared Prosperity Funding.ย
The idea is to make it as simple and easy-as-possible for those looking to drive growth to apply for funding.
Round one saw dozens of organisations receive ยฃ2 million in funding, creating scores of new jobs, supporting hundreds of employment opportunities and boosting the economy by up to ยฃ9 million.
Councillor Matt Furniss, Surrey County Council’s Cabinet Member for Highways, Transport and Economic Growth, said:
โFollowing the success of round one, I’m delighted to launch round two of the Surrey Economic Growth Fund. The exceptional quality of applications we received first time around has demonstrated just how much ambition and innovation exists within Surrey’s business community.ย
โWe’re committed to maintaining the high standards that made round one such a success. Every application will be rigorously assessed to ensure we’re backing businesses that will deliver genuine economic growth, create quality jobs, and produce tangible benefits for Surrey’s communities.ย
โSurrey already contributes ยฃ50 billion to the UK economy each year. And strategic investments like this will support sustainable growth while delivering benefits to our people and places.โย
How do I apply for Business Growth Grants?
You can apply if your business is:
- based in Surreyย
- small or medium-sized enterprise (SME)
- able to provide match-funding for at least 50% of total project costsย
- able to deliver the project by March 2026ย
Projects must clearly demonstrate how they will contribute to economic growth in Surrey. This includes creating new jobs, boosting productivity or supporting innovation.
Bids are assessed against a set criteria. An independent panel, including business representatives makes final decisions.
The approach has been developed in collaboration with employers across Surrey. This includes theย One Surrey Growth Boardย andย Business Leaders Forum.
Apply direct via the Economic Growth Fund page of the Business Surrey website.
Not sure where to start? Get in touch with the team viaย our Contact Us form.
