A new £340,000 grant programme is set to open for small and medium-sized enterprises (SMEs) across West Northamptonshire, aimed at supporting innovation and growth.
Funded through the UK Shared Prosperity Fund, the Driving Innovation Grant will offer financial support for projects that boost productivity, address global challenges, and help businesses remain competitive. Both capital and revenue funding will be available, with grants ranging from £1,000 to £25,000. Up to 50% of eligible project costs can be covered, with a significant portion of the overall fund prioritised for capital expenditure.
The scheme is designed to align with the four business priorities set out in the West Northamptonshire Economic Growth Strategy. Applications must demonstrate how proposed projects support these strategic goals.
The grant will formally launch on June 25 during an event at the University of Northampton, focusing on the region’s innovation ecosystem. Further information and application details will be published on the West Northamptonshire Council website for those unable to attend.
The initiative complements a broader local support network that includes the South Midlands Growth Hub, Vulcan Works, and the Northamptonshire Business & IP Centre. It also reflects growing efforts to scale up the region’s high-performing industries by fostering long-term resilience and economic contribution.
