The Business Productivity & Digitisation grant is delivered across South Yorkshire and is supported and part funded by the South Yorkshire Mayoral Combined Authority (SYMCA) and has attracted £5.2m of investment through the UK Shared Prosperity Fund (UKSPF).
The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills.
The project aims to support Small to Medium Sized businesses (SMEs) in South Yorkshire to improve their productivity and digital innovation through the provision of capital or revenue grant, and to identify and address their business productivity challenges.
The grant will provide up to 50% of funding for projects up to £24,999.
While the project is initially looking to safeguard businesses and jobs, priority will be given to those applicants that can best demonstrate how the investments will have a positive impact on productivity and the creation of potential new employment opportunities in South Yorkshire.
A Key Account Manager will work with you to review your current situation. This will help diagnose the essential areas of support that need addressing to ensure your business has the foundations in place to take advantage of the Productivity & Digitisation Grant and potentially other complimentary business support products that are available within South Yorkshire.
The project will run as a competition with an Open Call inviting businesses to apply for grants of between £2,500 to £12,499 to support capital or revenue investment projects that will lead to clearly evidenced productivity improvements.
Grant awards will be up to 50% of eligible costs.