
Revitalizing Powys: Capital Grants for Local Businesses
Powys County Council is extending a crucial lifeline to local businesses with its new capital grants program, offering funds ranging from £5,000 to £25,000. This initiative aims to bolster productivity and sustainability as part of the UK Government’s Shared Prosperity Fund. Applications are now open and will remain so until October 3, 2025.
The grant program is designed to assist both established businesses and new enterprises moving into Powys. With these funds, businesses can invest in state-of-the-art equipment or adopt greener technologies to reduce their environmental impact. For instance, CastAlum, which received a £25,000 grant last year, successfully updated its die-cast machines, thereby enhancing production efficiency.
Empowering Sustainable Growth
This initiative is not just about boosting productivity—it's also about fostering a sustainable future. The grants can be used for essential upgrades, such as replacing outdated lighting or heating systems with more efficient alternatives. This dual focus on productivity and sustainability is critical in today's economic landscape, which prioritizes both growth and environmental responsibility.
Application Process and Timeline
Businesses interested in applying should express their intent by September 15, with full applications due by October 3. Councillor James Gibson-Watt emphasized the council's commitment to economic development during these challenging times, stating, "We want to help local enterprises and inward investors at all stages of their journey." This proactive approach reflects a growing recognition of the importance of supporting local economies as they navigate post-pandemic recovery.
Why This Matters for the Local Community
For businesses in Powys and those looking to settle in the area, this grant represents not just financial support but also a community’s commitment to thriving together. By participating in these programs, local enterprises contribute to a vibrant economic ecosystem that benefits all residents.
Take Action!
If you're a business owner in Powys, don't miss out on this opportunity. Submit your expression of interest today and take a significant step towards enhancing your business's future. Together, we can build a prosperous community.
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