Portsmouth Council unveils new £2k–£5k fund for small and micro businesses

Published by

Daniel Face

Portsmouth City Council has launched a business grant scheme to help new businesses off the ground and existing small businesses in their development.

The Portsmouth Match Fund is set to help eligible businesses fund growth projects through a contribution of 20 to 50 per cent (minimum £2,000, maximum £5,000).

This could mean a new digital platform, e-commerce development, product development, purchase of new equipment, or training.

It’s been made possible through the UK Shared Prosperity Fund.

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Cllr Steve Pitt, leader of the council with responsibility for economic development, said: “Portsmouth has a high percentage of startup, micro and small businesses.

“If a business has a great idea which will help them start or grow, we want them to act now and to apply for this new grant before the deadline.

“After a turbulent few years, it remains important that we support our businesses to grow for our long-term economy to thrive.”

Applicants must qualify as a small or micro business within postcode areas PO1 to PO6 and provide a sound business plan to the council.

The deadline for applications is Sunday 4th February.

For more information and to apply, visit portsmouth.gov.uk/services/business/business-support/portsmouth-match-fund

Daniel Face

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL. Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience. Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.