Get a Competitive Advantage by Applying for the Latest Business Grants

This week we are exploring a range of government grants and local authority funding opportunities with a focus on the newest Innovate UK schemes, small business grants, recovery funding in local areas for businesses affected by Storm Babet and the latest Rural Prosperity Grants in England. Here are some examples of the latest funding available in the UK:

1) Innovate UK Schemes – Igniting Innovation in Renewable Energy and Semiconductor Manufacturing

i) UK-Australia Renewable Hydrogen Innovation Partnership Programme: UK businesses are invited to embark on a collaborative journey with Australian counterparts to develop groundbreaking renewable hydrogen technologies. This scheme offers funding of up to £1.4m for joint projects addressing common challenges in hydrogen production, storage, and distribution.

ii) Improving and Scaling-up Semiconductor Manufacturing – CR&D: Manufacturing firms can help elevate the UK’s semiconductor manufacturing prowess by accessing funding of up to £1.75m for research and development projects. This scheme aims to enhance semiconductor production capabilities, strengthen supply chains, and foster innovation in this critical industry.

2) Small Business Grants – Empowering Growth for SMEs

i) Small Business Grant Scheme: North Yorkshire businesses in the Richmondshire region can apply for grants of up to £10,000 to support business growth and expansion. This scheme is tailored to SMEs across various sectors, including manufacturing, retail, and tourism.

ii) Suffolk Business Grant Scheme: Suffolk-based businesses can apply for match funded grants of up to £10,000 for capital equipment, new product development, and marketing initiatives. This scheme is designed to foster innovation and growth among SMEs in the region with support from the New Anglia Growth Hub.

3) Business Recovery Grant for Storm Babet – Restoring Resilience in Flood-Affected Areas

In the wake of Storm Babet’s devastating impact in October, emergency funding has been made available to businesses affected by localised flooding and storm damage for regions across the UK in the form of the Business Recovery Grant. Grants of up to £2,500 are now available to eligible businesses in Isle of Wight, West Lindsey, Mansfield, Erewash, South Derbyshire, and Amber Valley. More funding in other areas is expected to be announced

4) Rural Prosperity Grants – Boosting Rural Economies

Rural businesses can access funding opportunities to diversify activities beyond traditional agriculture activities and boost tourism as part of the UK Government’s Rural Prosperity Grants that are administered regionally by local authorities.

The Rural England Prosperity Fund (Round 2): for Stroud offers a number of grants for different purposes of up to £20,000 in this round for projects that promote economic diversification, enhance tourism infrastructure, and create new job opportunities in rural communities.

Want the Full Set of New Grants?

If you want the full set of UK grants added this week, please visit