Grants of up to £100k announced for businesses

The grants will be launched at Molineux Stadium on 8 April

Businesses in Wolverhampton will be able to apply for grants of up to £100,000.

City of Wolverhampton Council will launch the scheme at a roadshow at Molineux Stadium on 8 April.

Small to medium-sized enterprises (SMEs) will be able to apply for funding of between £3,000 and £100,000 to fund up to 50% of a project.

The money will come from the government's UK Shared Prosperity Fund (UKSPF), which provides funding for local investment.

The council's cabinet member for city development, jobs and skills, Chris Burden, said: "We are utilising the UKSPF funds to support SMEs in maximising their offer and capitalising on opportunities being generated by investment in our city.

"The allocation of UKSPF funding over the past 12 months is helping to create more than 80 new jobs, safeguard a further 179, and underpin a projected average growth rate of over 14%.

"I would urge businesses to sign up for the event on 8 April to find out exactly what funding is available to them."

Businesses can submit expressions of interest for the grants between 8 and 30 April.