Deadline Date: December 17, 2025
The South Midlands Growth Grants – Capital Growth Funding supports Small and Medium-sized Enterprises (SMEs) located in the South Midlands to unlock their innovation potential.
The focus areas of this opportunity are to accelerate business growth, foster innovation, and support decarbonisation efforts, with funding aimed at helping enterprises become more innovative by introducing a new product, service, or process to the business or the market. It supports solutions that are new to the market, where no other product offers the same functionality or where the design or technology is fundamentally different, as well as those that are new to the business, whether tangible or intangible. The opportunity also requires a decarbonisation commitment, encouraging greener and more sustainable practices that reduce costs, cut greenhouse gas emissions, and progress towards net-zero.
It further focuses on growth and jobs, supporting new permanent full-time roles and safeguarding existing jobs that would otherwise be at risk. The grant provides individual amounts ranging from £5,000 to £50,000 with a 50% match funding requirement and is limited to capital expenditure. Eligible businesses must be SMEs, registered enterprises based in the South Midlands, not undertakings in difficulty, with charities and not-for-profit organisations also eligible if they meet the scheme obligations.
This opportunity offers capital funding designed to help SMEs innovate and strengthen their business capabilities. The programme supports enterprises introducing new products, services or processes, whether these innovations are new to the market or new to the business itself. It encourages development across all areas of innovation, from early-stage concepts to fully deployable solutions.
Businesses pursuing decarbonisation efforts can use the grant to adopt environmentally sustainable practices. Projects that reduce emissions or contribute to net-zero goals are encouraged to submit a decarbonisation plan upon completion. This creates an added pathway for companies aiming to reduce operational costs while improving energy efficiency.
The grant also aims to promote growth by enabling companies to create new full-time roles or safeguard existing ones. New roles supported by the grant must be sustained for at least twelve months, and safeguarded positions should demonstrate that they would have been at risk without support. This approach contributes to strengthening the region’s workforce and long-term economic resilience.
For more information, visit SEMLEP’s Growth Hub.
