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Portsmouth small business grant returns to support local business growth

Monday, 13 January 2025 07:00

By Philip Keeler @keeler_philip

Portsmouth City Council has launched the third round of the Portsmouth Match Fund.

This initiative, supported by the UK Shared Prosperity Fund, assists local enterprises in starting and expanding.

In its previous round, the fund awarded a total of £66,000 to 22 small businesses throughout Portsmouth.

Businesses that benefited in the second round include: Smoke and Mirrors Restaurant, Fix My Crown Ltd, Jodie Goodchild Ltd, Aerial Dance Academy, The Pastry Corner, Florios Ditalia Ltd, Mayfield Record Ltd, Freya Rise Ltd, Crushed and Cured, Coconuts (Delivering Paradise) Ltd, Unloc Learning Ltd, LocalLinked, Undercover Skatepark Project CIC, Goly Natural and Sisters Café.

The new Portsmouth Match Fund will fund eligible Portsmouth businesses between 20-50% (minimum amount of £1,500 and maximum amount of £4,000) towards a growth or start up project. Ideal business development costs could fund a new digital platform, e-commerce development, new product development, purchase of new equipment or training.

Applications are open to start up and small businesses in Portsmouth and must be submitted by Sunday 9 February.

For more information and to apply for the Portsmouth Match Fund visit portsmouth.gov.uk/match-fund

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