Securing funding for digital projects can seem challenging, however, various initiatives, including the UK Shared Prosperity Fund (UKSPF), are available to keep your business competitive in the digital age.

Adopting new digital technologies is essential for staying ahead in today’s market. However, funding these innovations can be difficult, especially when budgets are tight.

What is UKSPF?

The United Kingdom Shared Prosperity Fund aims to bridge the gap between communities across the UK by supporting economic development and leveraging local strengths.

Businesses can utilise this fund to introduce digital solutions, significantly boosting their success and the local economy.

Funding for Digital Innovation

How to Apply

Step 1: Find Your Local Authority

Identify your local authority here. Contact their Economic Development department to understand the available grant funding, as the UKSPF amount can vary from council to council.

Step 2: Create a Business Proposal

Highlight the Benefits

  • Digital Marketing and SEO: Explain how your digital marketing strategies and SEO improvements will enhance your online presence, attract more visitors, and increase sales.
  • Social Media Support: Describe how social media engagement can boost customer interaction and loyalty.
  • Web Development: Detail the benefits of a new or improved website for user experience and business operations.
  • Apps: Showcase how an app can solve customer problems, improve service delivery, and offer unique digital experiences.

Develop a Robust Project Plan and Budget

  • Implementation and Costs: Detail the digital innovation project process, including timeline and costs. Ensure your budget breakdown aligns with UKSPF’s value for money principles.
  • Alignment with Priorities: Research your local authority’s investment plan to align your project with local priorities like job creation and community engagement. Show how your digital innovation will benefit the community, attract more visitors, and support local businesses.

Step 3: Submit and Prepare for Evaluation

  1. Meet Deadlines: Adhere to submission deadlines and stay informed through your local authority’s official channels.
  2. Engage Actively: Post-submission, maintain communication with authorities to address any questions.
  3. Prepare for Evaluation: Demonstrate your project’s alignment with local priorities, its impact, and its value for money.
  4. Deliver and Report: Once approved, implement your project and comply with reporting requirements.

Dorset Council Funding Opportunities

Dorset Council offers additional funding through the UK Shared Prosperity Fund and the Rural England Prosperity Fund (REPF), with applications open from today (29th April) until 30th June 2024.

Grants range from £2,000 to £20,000 for digital technology, innovation, research and development, business growth, and exports.

Visit the Dorset Council website to apply

Remember

Ask for Help: We can assist with your application process, and you may also seek guidance from experts familiar with UKSPF applications.

Stay Updated: Regularly check your local authority’s website and UKSPF announcements for updates on deadlines and funding rounds.

For further information and to find your local authority, visit the UK Government’s UKSPF page and the Local Government Association.

Funding for Digital Innovation