Rochford Council Launches £30,000 Grant Scheme for Small Businesses

Small businesses in Rochford have an opportunity to secure a share of a £30,000 grant aimed at boosting competitiveness and fostering growth. Rochford Council is offering ten grants, each worth £3,000, to support local businesses in adopting new technologies, improving productivity, and scaling their operations.

The grants, funded by the UK Government’s Shared Prosperity Fund, are available for applications starting this Friday and will remain open until February 14. The funding can be used for various technology-focused business improvements, such as purchasing software, upgrading IT equipment, undertaking technical training, and developing new products.

Councillor Michael Hoy, Chair of the Economic Development, Regeneration and Tourism Committee, emphasised the importance of the initiative: “These grants provide an opportunity for businesses to innovate, scale, and adapt to ever-changing market demands. By empowering our business community, we aim to create a robust and resilient local economy in 2025 and beyond.”

To be eligible, businesses must meet specific criteria: they must be sole traders, small businesses, or community interest companies based in the Rochford district with fewer than 50 full-time employees. Additionally, applicants must have been trading for at least 24 months, maintain a business bank account, and have an annual turnover of less than £10.2 million or a balance sheet total of £5.1 million or less.

Julie Gooding, councillor for Hawkwell West, reinforced the council’s commitment to small business growth, stating, “This is a fantastic opportunity for local businesses to invest in key areas like marketing and training, ensuring they remain competitive in today’s fast-evolving market.”

Successful applicants will receive their grants in early March 2025, providing timely support for businesses to strengthen their operations and drive long-term growth.