Portsmouth City Council have announced today the third round of the Portsmouth Match Fund which is a continuation of the fund that has already helped local businesses to start and grow. This grant along with business support from the Council and partners is designed to help new business startups and existing small businesses to grow.
This grant is a council initiative funded from the UK Shared Prosperity Fund. To date £66,000 in total has been granted to 22 small businesses in Portsmouth. Businesses that benefited in the second round include: Smoke and Mirrors Restaurant, Fix My Crown Ltd, Jodie Goodchild Ltd, Aerial Dance Academy, The Pastry Corner, Florios Ditalia Ltd, Mayfield Record Ltd, Freya Rise Ltd, Crushed and Cured, Coconuts (Delivering Paradise) Ltd, Unloc Learning Ltd, LocalLinked, Undercover Skatepark Project CIC, Goly Natural and Sisters Café.
The new Portsmouth Match Fund will fund eligible Portsmouth businesses between 20-50% (minimum amount of £1,500 and maximum amount of £4,000) towards a growth or start up project. Ideal business development costs could fund a new digital platform, e-commerce development, new product development, purchase of new equipment or training.
Dominic Elton from Mayfield Records, a creative music-hub based in Southsea said:
“Our primary goal is to fully support grassroots music across our local community. We recently relocated to a new recording facility, which we had to refurbish. The grant ensured that the works were completed on time allowing us to reopen.”
Cllr Steve Pitt, Leader of the Council with responsibility for economic development said:
“I’m delighted to announce the return of the Portsmouth Match Fund for a third round. This grant supports local businesses growth and innovation. It really can make a difference to help Portsmouth businesses to thrive and strengthen our local economy.”
Applications are open to start up and small businesses in Portsmouth and must be submitted by Sunday 9 February.
For more information and to apply for the Portsmouth Match Fund visit portsmouth.gov.uk/match-fund