The Shared Prosperity Fund (SPF) provides capital and revenue expenditure grants to businesses and third sector organisations in Midlothian and is being allocated to support 3 programmes – Community Wealth Building, Exporting and Tourism, Culture and Heritage. 

About the fund 

  • This fund is available via The UK Shared Prosperity Fund. 
  • This fund will be open to applications during the financial year 2024/25 until the full amount of funds is awarded. 
  • Only businesses based and/or headquartered in Midlothian can apply. 
  • All funding is retrospective on satisfactory completion of project. 

PLEASE NOTE: All grants are subject to the Subsidy Control Act 2022

Capital expenditure

This typically relates to funding for the purchase, refurbishment, or renovation of fixed assets such as buildings or land to include fixtures and fittings. Capital expenditure items includes computers, software systems and other forms of equipment that are required to operate the business. 

Revenue expenditure 

This covers short term business expenses that are usually used immediately or within a year, this can include expenses to meet the operational costs of doing business such as consultancy and staffing. 

Revenue projects usually have an element of staffing costs, where this is the case, the costs must be specific to the project described in the application form and the staffing costs should include gross salary, plus employer National Insurance contributions and pension costs. 

Closing Date

Applications will close on Monday 1st July 2024. 

Available Funding for 2024/25

1. Community Wealth Building Grants 

The Community Wealth Building fund is divided between two interventions, S22 and S19. 

S19: Support and strengthen local entrepreneurial ecosystems and plural economy enterprises to start, sustain, grow, and innovate, including through local enterprise networks.  

Grants of up £9,592 for revenue expenditure are available for eligible projects under this intervention. 

S22: Support the local social economy, including community businesses, cooperatives and social enterprises, as Midlothian transitions to a wellbeing economy.  

Grants of up to £15,080.75 are available for capital expenditure projects under this intervention. 

Outcomes to be met with the S19 Grant Funding 

  • Number of enterprises with improved productivity
  • Number of enterprises engaged in new markets

Outcomes to be met with the S22 Grant Funding 

  • Jobs created
  • Number of new enterprises created as a result of support
  • Number of enterprises engaged in new markets

2. Exporting Grants 

The Exporting fund has one intervention, S24. 

Exporting Grants are intended to provide funding to design and develop new products and services to meet the needs of new or existing international markets. 

Applications should clearly demonstrate how the grant fund will support new product development. 

Projects can include early-stage prototyping, modelling or beta testing that will accelerate the journey to commercialisation, with the potential to create higher value jobs. 

Grants of up to £6,000 for exporting revenue are available for export projects under the S24 intervention. 

Outcomes to be met with the S24 Grant Funding 

  • Number of enterprises increasing their export capability

3. Tourism, Culture & Heritage Grants 

The Tourism, Culture and Heritage fund has one intervention, S14. 

These funds are to encourage and support enterprises to get involved in tourism projects, cognisant of net zero and 20 minute neighbourhoods, to create local employment, training and volunteering opportunities while generating revenues that can be reinvested in communities. 

Applications are invited from new and existing tourism businesses and community enterprises for projects that will develop new products, local attractions, trails etc, enhancing community wellbeing and the visitor economy. 

Grants of up to £12,499.83 for revenue expenditure are available for Tourism, Culture & Heritage projects eligible under the S14 intervention. 

Outcomes to be met with the S14 Grant Funding 

  • Jobs created
  • Number of new businesses created
  • Number of tourism, culture or heritage assets created or improved

What SPF funding will not support 

Funding will not support: 

  • General running costs and overheads 
  • Stock 
  • Routine repairs and maintenance 
  • Work undertaken to meet statutory requirements 
  • Vehicles 
  • VAT element of the cost of goods/services (unless applicant is eligible for VAT relief e.g. Charitable Organisation) 

Next Steps

Register your interest

To register your interest, check the eligibility of your project or receive Business Gateway support to develop your project, for any of the Midlothian UKSPF Local Business Support grant funds, please complete the 'Register you interest' form below. 

Please note, this is NOT the full application form for the fund. Your registration of interest will be reviewed by a Business Gateway Adviser who will be in touch to provide feedback and advice on eligibility of the project and the next steps.  

 

Shared Prosperity Fund 2024/25 - Register your interest

Name(Required)
Are you registered with Business Gateway Midlothian?(Required)
Have you signed the Midlothian Business Green Pledge?(Required)
Which Fund are you applying for? (Required)
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