Council secures more funding to support Telford business growth

Telford & Wrekin Council has secured an additional £1.9 million from the UK Shared Prosperity Fund (UKSPF), extending its successful programme of business and community support for a further 12 months.

This brings the total UKSPF investment in the borough to £7.75m funding that is helping to boost business growth, support new skills, and deliver projects that benefit communities right across Telford and Wrekin.

Delivered by Invest Telford, the council’s business support and inward investment team, the programme has already had a significant impact. Through Thrive Telford grant schemes, more than £1.5 million has been awarded for 268 projects, supporting everything from innovation, exports, purchase of equipment or other support and green energy improvements in businesses.

The fund has also enabled community-focused initiatives and skills programmes, including support for youth activities, and the launch of The Quad at Station Quarter, a new learning and skills hub at the heart of Telford.

The latest funding will allow the council to shape a refreshed programme for delivery through to March 2026. Plans will continue to focus on business growth, skills, and inclusive economic development with further details to be announced in the coming months.

Councillor Ollie Vickers, Telford & Wrekin Council Cabinet Member for The Economy, said: “This additional funding means we can continue to build on the positive momentum created over the past two years. The UKSPF programme has delivered for our businesses and communities, and this extension gives us the opportunity to go even further.”

For the latest updates and funding opportunities, visit investtelford.co.uk/thrive-telford.