New Business Grants For Mole Valley Businesses

Mole Valley District Council announces new Business Support Grant Scheme for 2024/25. On 6 February 2024 Mole Valley District Council (MVDC) Cabinet will consider a proposal for a new Business Support Grant Scheme in Mole Valley, over the 2024/25 financial year.

A total of £127,150 has been earmarked from Mole Valley’s allocation of the UK Shared Prosperity Fund (UKSPF), for the new grant scheme. The grants will help businesses start up and grow, thereby attracting and retaining creative, entrepreneurial and innovative talent in the district.

The business support grant scheme will be open to any business located within Mole Valley. The online application process is scheduled to last for six weeks during February/March. Applications will then be sifted and scored and a shortlist drawn up for approval.

The determination of grant awards will involve scoring projects put forward for their productivity impact, funding contributions for the project from the applicant, completion timelines, consideration towards environmental sustainability, and positive community impact.

Successful applicants must complete their projects within 12 months of being awarded a grant.

Councillor Clayton Wellman, Cabinet Member for Sustainable Economy, said: “The UKSPF business funding scheme forms another strand of our fantastic Mole Valley for Business support package. The funding will support our business community and help local entrepreneurs bring great ideas into reality.

“I urge all local businesses and entrepreneurs to sign up to our fortnightly Spotlight newsletter, to be kept up to date with when applications will open for this scheme.”

For further details on all funding options available to local businesses please visit our Mole Valley for Business website.

The UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. In total, MVDC was allocated £1,000,000 of UKSPF funding across the 3-year period of 2022-2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills.