Portsmouth City Council have announced today the Portsmouth Match Fund which is a business grant to support businesses to start and existing small businesses to develop. This grant along with business support from the council and partners is designed to help new business start-ups and existing small businesses to grow.

The new Portsmouth Match Fund will fund eligible Portsmouth businesses between 20-50% (minimum amount of £2,000 and maximum amount of £5,000) towards a growth or start up project.

This grant is a council initiative funded from the UK Shared Prosperity Fund. 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 4 February 2024.

Cllr Steve Pitt, leader of the council with responsibility for economic development said:

“Portsmouth has a high percentage of start-up, micro and small businesses. If a business has a great idea which will help them start or grow, we want them to act now and to apply for this new grant before the deadline.

After a turbulent few years, it remains important that we support our businesses to grow for our long-term economy to thrive.”

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