New funding for local businesses launched

Business Updates

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22 October 2021

Get together to grow our local economy

Business Support

Do you have an idea for collab with another local business? Have you considered organising a community activity or event but need money to turn your idea into a reality? If so, we want to hear from you.

We have government funding available for organisations across the South Hams and West Devon that want to do something that will benefit others in our community and help to grow the local economy.

Click here to find out more from West DevonClick here to find out more from South Hams

What business ideas can the funding support?

bunting

Your plans need to make a positive difference to your local community or at least one other local business.

This is a brand new initiative and we’re looking forward to hearing the creative and new ideas from local organisations that want to take this opportunity for financial help to get together with others.

However, here’s an example to get you started thinking about how this could work. For example, a local drinks producer links up with a local artisan bottle producer to create a limited edition range and collaborates with a local artist for a series of new labels.

As well as funding collaborations, we also want to help businesses to set up activities that have an impact on their local community too. Using the drinks producer example again, the business could apply for a grant to help them to link up with local food and entertainment suppliers to stage a festival for local people, which results in a community wellbeing benefit.

Organisations can also profit from these activities – for example, they could sell tickets – the idea is that we are dropping this money into the economy but want to see it grow and help even more people locally rather than just one business.


How much could I get?

money

It is anticipated that the majority of grants to be awarded will be valued between £2,000 and £10,000. However grants up to £30,000 will be considered for exceptional and innovative schemes that can show a wide range of benefits for the local economy and community.


How to apply

person laptop

From 1 November 2021, eligible organisations with a relevant project can fill out the application form on our website:

South Hams

West Devon

Please note, the application form will not be available to complete until 1 November 2021. You'll need to give us the following information:

  • Details about your organisation
  • A summary project proposal in less than 200 words describing the project and the intended benefits to the local economy and communities
  • Total project cost
  • Amount of award requested from the Community Recovery Grant
  • Up to 100 words on the expected outcomes and how you will demonstrate meeting these.

Applications close on 30 November 2021. A thorough application with clear benefits for the community will be more likely to receive funding than one submitted quickly.

Click here to find out more from West DevonClick here to find out more from South Hams