A new funding initiative has been launched in Leeds to support innovation and business growth, backed by the Government through the UK Shared Prosperity Fund. The programme, administered by Leeds City Council, will provide grants between £25,000 and £50,000 to support local organisations running knowledge-sharing projects.
The aim is to help businesses, entrepreneurs, and innovators across Leeds maximise their potential through tailored business guidance, mentoring, and training. The grants will be available for both innovation-focused projects, such as those in AI and technology, and general business support projects targeting all sectors.
The funding is designed to benefit both established businesses and those in the early stages, as well as aspiring entrepreneurs. The intention is to equip participants with skills and networks to succeed in the competitive digital and tech industries.
The long-term goal of the programme is to foster innovation that will contribute to a healthier, greener, and more inclusive city. It also aims to enhance Leeds’ appeal to external investors by highlighting the city’s strengths in innovation.
Applications are open until July 27, with projects required to be completed by March 31 of the following year. The funding programme is expected to create opportunities, drive growth, and improve investor readiness for businesses across the region.
