Conwy Supporting Local Business
Key Fund

Transitional Fund 2025/26

The above scheme will open to applications shortly

This project is funded by the UK government through the UK Shared Prosperity Fund

The UK Shared Prosperity Fund (UKSPF) proactively supports delivery of the UK Government’s five national missions: pushing power out to communities everywhere, with a specific focus to help kick-start economic growth and promoting opportunities in all parts of the UK.

For more information, visit

https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus

The Supporting Local Key fund is a business development grant scheme to support our local commercial or social (where they are commercial active) businesses to thrive innovate and grow.

The key fund will enable the provision of grants to support economic growth and sustainability through the delivery of a range of business development projects in line with the supporting local business investment priority objectives.

• Creating jobs and boosting community cohesion, through investments that build on existing industries and institutions
• Promoting networking and collaboration, through interventions that bring together businesses and partners within and across sectors to share knowledge, expertise and resources, and stimulate innovation and growth.
• Increasing private sector investment in growth-enhancing activities, through targeted support for small and medium-sized businesses to undertake new-to-firm innovation, adopt productivity-enhancing, energy efficient and low carbon technologies and techniques, and start or grow their exports.

The scheme will offer funding of UP TO 70% on eligible capital and/or revenue expenditure for projects with awards offered from £5,000 up to £50,000.

Grants outside the defined amounts may be considered in exceptional circumstances.

To be eligible to receive investment support, businesses must be located in the County of Conwy, have been actively trading over 6 months and registered with HMRC.

The fund will not currently be open to applications from recipients of grants through the previous round of the UK SPF Business Key Fund

(Consideration may be given in exceptional circumstances where the project will directly deliver job creation)

To speak to a member of the team or arrange a face to face meeting to discuss a potential project please email business@conwy.gov.uk