A new £1m grant scheme opened earlier this week for businesses seeking to invest in creative technology, or createch projects: Culture and Creative Industries Innovation Fund…
There is recognition in the white paper that to achieve some of the objectives set out there in “… means supporting the private sector – the real engine of wealth creation to invest more, grow more and take more risks.”
So, I have had a read through the recently published “Levelling Up the United Kingdom: Executive Summary”. My focus was on anything which may have a direct impact on businesses in the South/ South West.
My finds were as follows:
|Financial Capital and Investment||
|Increasing institutional and local investment||
|Access to government contracts||
We will of course wait to see what detail emerges on the above initiatives.
UK Shared Prosperity Fund
Whilst writing this blog I thought I would check up on the much heralded UK Shared Prosperity Fund. As you may be aware this was touted as the replacement for EU funding. It was disappointing to read “the Treasury committee’s report, published last week, said while EU structural funds between 2014 and 2020 were worth on average £2.5bn a year, the UKSPF will be worth only £1.5bn a year by 2024-25.”
PKF Francis Clark
We try and keep abreast of funding initiatives that may be of relevance to our business clients. We collate details of potential sources of funding for SMEs in our “Finance in…” factsheets. These can be found on our website at link.