Business & economy

New grants and loan schemes and the latest news on funding opportunities for businesses in Devon.

  • Access to Finance SW

    Businesses in Devon and Somerset now have improved access to funding opportunities, guidance, best practice and finance support thanks to a new project launched by the Heart of the South West LEP. Access to Finance SW is a free community platform for growing businesses in the Heart of the South West region. From regular business […]

  • Horizon Europe

    Large-scale international partnerships with a joint research project can apply for funding from Horizon Europe. This is the EU research and innovation programme. The UK is now formally an associate country to Horizon Europe and so UK organisations can apply for funding to participate in the programme, with all successful UK applicants covered through the […]

  • Business BOOST Programme

    Small businesses in North Devon and Torridge can apply for support from the Business BOOST programme. The scheme is aimed at micro and small businesses with up to 50 employees with a turnover of less than £10m. The package will include free one-to-one business support tailored to the needs of the business. As well as […]

  • Young Devon & South West Enterprise Fund

    Young people in Devon can now apply for grants to help them get into training and employment or to set up their own business. There are two funding opportunities: Training & Employment Support Grant Up to £500 for any young person (16 to 30) who is entering training, an apprenticeship or starting a job after […]

  • North Devon Town Centre Enhancement Scheme

    North Devon Council has launched a new Town Centre Enhancement Scheme, which will award small grants to support existing independent businesses that would like to replace, improve or carry out repairs to their shop fronts or for other potential enhancement projects. The funding is for capital works to commercial premises in the centre of Barnstaple, […]

  • South West Investment Fund

    New and growing businesses in Devon can now apply for loans and investment from the new £200m South West Investment Fund. The fund has been launched by the British Business Bank to boost productivity, innovation and jobs in the South West. There are three finance options: Smaller loans: £25,000 to £100,000 Debt finance: £100,000 to […]

  • Mid Devon Prosperity Programme

    Mid Devon District Council (MDDC) is offering a portfolio of grant schemes to support businesses and other local organisations. Funding for the Mid Devon Prosperity Programme comes from the UK Shared Prosperity Fund and Rural England Prosperity Fund and will support economic growth and community cohesion across the District. There are five grant schemes: Field […]

  • Thrive Together Fund

    Small and medium sized charities and social enterprises can apply for a loan/grant package to support their work to deliver social or environmental impact. The new £6m Thrive Together Fund provides a package of loan (75%) and grant (25%) to eligible charities and social enterprise organisations which are looking to grow or diversify their business model. […]

  • Shared Prosperity Fund

    District and Borough Councils in Devon are investing their allocations from the UK Shared Prosperity Fund (SPF) in local projects. The Shared Prosperity Fund has a total budget of £2.6billion which the government has allocated to local authorities to support three local priorities: communities and place support for local businesses people and skills In Devon, […]

  • Co-operative and Community Finance

    Loans are available to co-operatives and social enterprises from Co-operative and Community Finance. There is currently a funding pot of over £4m which is available to those who practise or support the principles of co‑operation, social ownership, and sustainable development. You can borrow between £10,000 and £150,000 for a range of purposes including setting up […]