Business grants and funding

There are a number of grants and funding schemes available for local businesses, offered through ourselves and a range of partners.

UK Shared Prosperity Fund

The UK Shared Prosperity Fund was launched by the Government in early 2022 to support its ‘Levelling Up’ agenda. All local councils have been allocated a share of the fund to invest in their areas by March 2025. The Shared Prosperity Fund is intended to replace EU funding.

We have been allocated £1.76 million over the next three years, up to March 2025.

This can be used to support a wide range of initiatives across three priorities:

  • Community and place
  • Supporting local business
  • People and skills

To access this funding, we must submit an Investment Plan to the Government by 1 August 2022. This will set out the activities to be delivered to meet local needs.

Developing the Investment Plan

To develop the Investment Plan, we will work with local partners - including voluntary and community sector organisations, business representatives and other key stakeholders - to identify the activities that will have the greatest impact for Dacorum residents and businesses.

We will update this page as our Investment Plan develops.

More information

Further details about the Shared Prosperity Fund can be found on the Government website.

Dacorum's Den

Organised by Dacorum Borough Council and supported by local sponsors, Dacorum’s Den is our business grant scheme, based on the popular TV show, which gives budding local entrepreneurs the chance to apply for up to £1,000 to grow and develop a business idea. Find out more and apply.

Available grant schemes

Below is a list of grants currently available. Please note: access to grant funding will be dependent upon the eligibility criteria for each of the schemes. To find out more, please register on the Hertfordshire Growth Hub website. Once registered, you will be able to find more information on all the schemes using GrantFinder - an online funding portal, which you’ll find in the Knowledge Bank.

Available business grants
Fund name Type of funding Purpose Maximum amount/grant percentage
Get Growing 2
Revenue Grant To support established Herts SMEs to respond, adapt and strengthen their business following the COVID-19 pandemic
£10,000 (45%)
HCC Community Innovation Fund - Crowdfund
Revenue Grant
To support projects and groups working with adults to reduce isolation, loneliness, improve health and wellbeing, create volunteering opportunities and more
£5,000 (100%)
Manufacturing Growth Programme
Revenue and Capital Grants
To support Hertfordshire Manufacturers (SMEs) to improve competitiveness and productivity

£1,920 (32%) Revenue Grant

£5,010 (33.4%) Capital Grant

Low Carbon Workspaces
Capital Grant
To support projects that will result in a quantifiable reduction in greenhouse gas emissions
£5,000 (35%)
Eastern New Energy Programme
Capital Grant
To support projects that have a beneficial impact in terms of reduced energy use, improved energy efficiency and/or renewable energy generation
No maximum amount - grants considered on a case-by-case basis. (25%)
Hertfordshire Start-Up Programme (HSUP)
Revenue Grant

To support new start-ups.

*Businesses must be signed up and receiving 12 hours of support under the programme before they can apply for the grant element.

£3,000 (50%)
The DIT Internationalisation Fund
Revenue Grant
Support to improve international trade performance, including funding for export plans, participation in trade fairs, missions and market development visits.
£9,000 (50%)

Community Grants

The Community Grant is designed to support community activities and improve the wellbeing of Dacorum residents. It is aimed at community groups and voluntary organisations within the borough who are looking for funding to deliver projects that will primarily benefit the people living in Dacorum. Find out more and apply.