Two local organisations have been awarded a share of £487,470 to support local businesses as part of the wider UK Shared Prosperity Fund (UKSPF) programme to back projects in the city.
Stoke-on-Trent City Council was awarded £9,477,820 of government funding from the UKSPF to deliver projects which support local businesses, improve local spaces and assist residents with employment and skills.
The projects focus on three investment priorities: Communities and Place, Supporting Local Business and People and Skills.
Within the Supporting Local Business priority, the successful applicants are:
- Staffordshire Chambers of Commerce:
- Awarded £347,427 for the Promoting Innovation Pathways (PIP) project to encourage and promote innovation in business across Stoke-on-Trent. It will aim to support businesses in developing new products, processes, and services.
- Awarded £47,335 for the Responsible Business Scheme. A pilot project which will allow business of all sizes to develop sustainable business practices.
- Groundwork West Midlands: Awarded £92,708 for the Sustainable Ventures project which will provide training and support for small businesses on improving their energy efficiency and reducing carbon emissions.
The projects will start from September 2023.
Cllr Jane Ashworth, leader of the city council said: “We’re really pleased to have been able to award this funding to support local businesses and projects in Stoke-on-Trent.
“I know that the Cost of Living Crisis is a huge concern for local people and businesses and we are working to ensure that we make the best use of the resources we have available to deliver help, advice and support. The UKSPF funding will fund these three interventions that support local businesses to thrive, innovate and grow.”
Recipients of the Communities category were announced last week, more details can be found at www.stoke.gov.uk/news. The People and Skills category will be announced next week.
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