A production line of a bottling plant in a distillery. The bottles have the designs for Silent Pool Distillery, a business in Surrey.

Square image of a production line of a bottling plant. The bottles have the designs for Silent Pool Distillery, a business in Surrey.

Economic Growth Fund

The Surrey Economic Growth Fund is overseen by Surrey County Council with the sole focus of driving economic growth across the region.

The fund is not currently open for applications. Contact the team to discuss current funding opportunities.

Home / Innovate / Economic Growth Fund

About the Economic Growth Fund

Funding to drive growth across Surrey is now available to businesses and organisations across Surrey.

We have pooled a range of public and investment streams, such as UK Shared Prosperity Funding from government, into one Economic Growth Fund.

The idea is to make it as simple and easy-as-possible for those looking to drive growth to apply for funding.

It will see millions of pounds invested to drive growth, creating jobs, improving infrastructure, increasing productivity and upskilling our workforce.

Round one closed in May 2025 and recipients announced in September 2025.

Round two closed in November 2025 and we’re currently reviewing the applications. We expect to announce recipients in the new year.

You also can discover current live available funding opportunities on our Funding and Grants page.

Funding and Grants

Six people holding bottles celebrate receiving funding. A Business Surrey promo banner is in the background

How does it work?

Business Growth Grants are only available to businesses that are:

based in Surrey
small or medium-sized enterprise (SME)
able to provide match-funding for at least 50% of total project costs
able to deliver the project by March 2026

Projects must clearly demonstrate how they will contribute to economic growth in Surrey – such as creating new jobs, boosting productivity or supporting innovation.

Bids will be assessed against a set funding criteria with decisions taken by an independent panel, including business representatives.

The approach has been developed in collaboration with employers from across the county via the One Surrey Growth Board and Business Leaders Forum.

A man and a woman look at computer screen in an office. They are smiling as they work

Available funding

Business Growth Grants provide match-funded grants of between £10,000 and £75,000, covering up to 50% of eligible project costs.

Funding can support:

Purchasing new equipment or technology
Developing new products or services
Expanding operations or facilities
Investing in staff training and upskilling

Applications for round two closed at midnight on 16 November 2025.

We’re currently reviewing the applications and expect to announce recipients in the new year.

You also can discover current live available funding opportunities on our Funding and Grants page.

Funding and Grants

Two men stand next to a high tech wind tunnel in a white warehouse. Behind them is a Business Surrey promo banner

Economic Growth Fund criteria

We are seeking bold, innovative ideas that will drive sustainable economic growth across the county.

Bids should be focused on delivering at least one of the three priorities in Surrey’s Economic Growth Strategy, which are:

We encourage applications to focus on innovation and ideas that can scale.

Other key criteria include partnership and collaboration, impact and legacy, and deliverability and financial viability.

If you have any questions, then contact our team of experts to discuss your application in detail.

This is a fantastic opportunity for businesses, training providers and partners to secure immediate investment in ideas to drive growth in Surrey.

We know that Surrey has a strong economy, contributing £50 billion a year to UK PLC. But the refreshed economic strategy highlights several challenges around start-ups, high-growth businesses, retaining talent and an increasing number of people out of work.

The new Economic Growth Fund is one of the ways we can tackle those challenges while delivering benefits to the people, places and businesses across the county.

Our ambition is simple: we want to position Surrey as one of the UK’s leading regional economies while ensuring No One is Left Behind.

Matt Furniss, Surrey County Council’s Cabinet member for Highways, Transport and Economic Growth

The refreshed Economic Strategy, which is evidence-led and developed in partnership with businesses, employer representative groups, academia and other key stakeholders, is very much the starting point of our journey.

Together, we’re determined to drive forward this ambitious agenda and deliver our ambition to benefit our residents, businesses and wider communities.