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Financial Assistance

Portsmouth companies are able to access a wide range of local, regional and national subsidies from a number of sources even though the City is not an Assisted Area and as such not eligible for inward investment grants.

Selective Financial Investment

Following a successful bid by the City Council, SMEs in Portsmouth were able to apply for an Enterprise Grant to help them finance their growth. This scheme has now been merged into the SFI that has a focus on increasing productivity and innovation.

It is a discretionary scheme with the minimum award being £10,000. The maximum is based upon company size with £100,000 to Small Enterprises and £75,000 to Medium Enteprises.

The City Council is keen to ensure that as many Portsmouth businesses as possible are able to benefit from this and a number already have received grants to fund development projects.

For a preliminary assessment of eligibility and to arrange a meeting to discuss an application in more detail please contact the Business Team on 023 9284 1074 or email invest@portsmouthcc.gov.uk

Grant Finder

The Southern Area European Information Centre provides this fund matching service that allows companies to identify relevant European funding opportunities to meet specific needs.

Assistance is primarily targeted at creating jobs, especially in smaller companies, and improving the economic health of industry.

National Grants

Business Link Wessex produced factsheet on the grants available and the application processes.

Environmental Management

Companies can save money and hence improve their bottom line through adopting new working practices including those relating to environmental management. For further information on the real savings that you can make place contact the Business Environment Forum below or the Business Services team on 023 9284 1074 / invest@portsmouthcc.gov.uk  

Business Environment Forum

Free environmental advice and signposting to local services that will help save your business money. The BEF can provide advice and support on the following:

• Waste management
• Environmental law and compliance
• Environmental management
• Climate change levy/energy tax
• Energy efficiency
• Biodiversity and development
• Environmental training and events 

For further information contact:

Hampshire & IOW Business Environment Forum
Tel: 023 9244 9404

Business Link Wessex Environmental Management Services

Business Link Wessex has developed a range of services to help you and has a dedicated environmental adviser who can offer impartial advice on issues relevant to your business. Please click on the link above to find out more.
 
In addition to the financial assistance provided through the training initiatives outlined under Employee Skills Development, Portsmouth companies can also get financial support. See Employee skills development under internal links.