Guildford funding scheme searching for new investments

By Tom Kilkelly

14 August 2023

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The EM3 Future Fund is looking to back new businesses in both Surrey and Hampshire, with projects now able to apply for funding from the scheme.

Up to £10 million of capital funding is available for projects focusing on innovation, achieving Net Zero by 2050, digital connectivity, and green or digital skills.

The aim of The Future Fund is to help EM3, which is a Local Enterprise Partnership (LEP), to deliver its vision for a low-carbon, high-growth economy, by supporting a small number of high-quality projects.

Projects have a number of options, they are able to perform demonstrations or pilot ideas, request seed funding or look for higher capital schemes.

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The application process for the current round of funding is open until 12 noon on 15 September. There is a particular interest in funding projects that have sustainability at the forefront of their ambitions.

Applications will be accepted from businesses, business support organisations, universities and colleges, public sector organisations including local authorities, as well as registered charities, community groups and social enterprises.

Stephen Martin, managing director of Enterprise M3 said: “We are very much looking forward to receiving some exciting and innovative submissions from growing businesses and organisations that will help drive economic growth and make a positive difference to the EM3 region.

“As we are accepting applications for a limited time, I would urge those interested to ensure their submissions are made before the 15 September deadline.”

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.