Hinckley and Bosworth Business Prosperity Grant – UK

Proposals are now open for the Business Prosperity Grant to support the aims of the government’s Levelling Up White Paper.
It funds capital projects for small businesses throughout the borough, including the urban areas of Hinckley and Burbage. The aim is to help to improve productivity and strengthen the economy.
Funding Available

• The minimum request per application is £7,500, with a maximum request of £22,500 per application. Businesses may submit more than one application, however the total awarded to a single business will not exceed £22,500.
• Hinckley & Bosworth Borough Council has £150,000 capital-only funding 2024-2025 to support the following theme:
  • Support wider small and micro enterprises and support tourism sector businesses/organisations.
• Capital funding grants to support micro and small enterprises looking to deliver innovative projects. Funding will support projects that improve efficiencies, net zero infrastructure for businesses and diversification outside of agriculture to encourage start up.
• Small and micro enterprises can invest in new technologies and equipment to deliver innovative projects that increase productivity or create local jobs.
• Capital grants to develop local tourism attractions, facilities, or infrastructure to enhance and promote the visitor economy and create opportunities to increase visitor numbers to the borough.
• Businesses can invest in green technology that will improve their carbon footprint and to develop their own green technologies. Such projects should improve business resilience, development, and revenue.
• Grants must be claimed in full by 28 February 2025.

Eligibility Criteria
To meet the eligibility criteria, your business must be:

• A small or micro enterprise employing between one and 249 staff
• Based in the borough of Hinckley and Bosworth, that is, you must pay business rates and/or council tax to Hinckley & Bosworth Borough Council
• Trading as a business whose company type is either: limited liability, limited liability partnership, partnership, sole trader, franchise, social enterprise, or charitable company limited by guarantee
• A business that has not applied for other UK shared prosperity funding for your project
• In good standing with Hinckley & Bosworth Borough Council. For example, fully paid up on any money owed to the council such as business rates.
  For more information, visit Hinckley & Bosworth Borough Council.