This project is funded by the UK government through the UK Shared Prosperity Fund.
The UK Shared Prosperity Fund (UKSPF). Following the success of the UK Government Share Prosperity Fund (SPF) Community Regeneration Key Fund we’re applying for further funding for a Conwy Community Regeneration Key Fund project via SPF opportunity for 2025-2026.
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 scheme offers funding of UP TO 70% on eligible capital and/or revenue expenditure for projects with awards offered from £5,000 up to £50,000. 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.
To be eligible to receive investment support, businesses must be located and operating in the County of Conwy, have been actively trading over 6 months and registered with HMRC.
The scheme is targeted at small and medium sized enterprises (employing up to 250 people) with either a turnover at less than £44 million or a balance sheet at less than £38 million.
The fund is not currently open to applications from recipients of grants through the previous round of UK SPF Business Key Fund.
Application will be through the online form. Along with the application form a number of supporting documents and information will be required.
Please read the guidance document in full to ensure all information is attached before submission of the application.
Guidance and forms:
The final approval of grant applications will be subject to Conwy Regeneration Key Fund receiving approval from the managing authority for the UKSPF funds.
This grant scheme is discretionary and will be operated on a first come first serve basis dependent upon availability of funds and completion of the project within the detailed period.
Applications are not considered fully submitted until such time as all the required information is received.
We ask that you speak to a member of the Business Support Team before submission of any application. To arrange to speak to a member of the team please email business@conwy.gov.uk.