Businesses have been invited to put themselves forward for a share of £1.2 Government funding.
Expressions of interest are now open for South Staffordshire Council’s UK Shared Prosperity Fund (UKSPF) Residual Fund.
The money is aimed at supporting projects and schemes for people and businesses in the community to thrive and grow.
Daily Focus reported last week that £3.06 million has been awarded to eight organisations in Stoke-on-Trent to help upskill residents and another £2.1 million will help community organisations in the city, both thanks to UKSPF.
Examples of projects the fund can be used for by businesses in South Staffordshire include medium-sized business extension, additional investment to increase useable sustainable floorspace for sales and new employees.
The UKSPF is part of the UK government’s Levelling Up agenda, providing £2.6 billion of new funding for local investment by March 2025.
South Staffordshire Council has been allocated £3.82 million to support revenue schemes and capital projects.
The investment priorities have been split into three ‘pillars of intervention’: supporting local business; communities and place; and people and skills.
A council spokesman said: “The council is seeking expressions of interest from eligible organisations which meet the criteria relating to interventions, as detailed in our prospectus.
“This is for funds that have not already been allocated.
“This fund is separate to the Rural England Prosperity Fund which is available for small business growth, community projects and farm diversification in eligible areas.”
The residual fund will need to be spent by March 2025. All projects must be completed by 31 December 2024.
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