26/10/2026
Ryde businesses – have you applied for the Isle of Wight SME Fund yet?
A reminder that funding is available to help local businesses invest, grow and create or safeguard jobs - with a dedicated £200,000 fund specifically for Ryde-based businesses!
Eligible businesses can apply for capital grants of £5,000 to £50,000 to support investment projects, with a minimum 50 per cent contribution from the business.
If you’re a small or medium-sized business in Ryde with plans to grow, invest in new equipment or premises, or create and protect local jobs, this could be a great opportunity to help make it happen.
Applications need to be in before the end of the year, so don’t miss out!
Find out more about eligibility and how to apply via the link in the Isle of Wight Council’s original post below. 👇
In case you missed it...
Businesses on the Isle of Wight will be backed with a £600,000 fund to support growth, investment and job creation 🤝
Small and medium-sized businesses across the Island, with a designated proportion of funds allocated specifically to Ryde, are being encouraged to apply for up to £50,000 of capital grants through the Isle of Wight SME Fund.
Previously known as the Isle of Wight Rural SME Fund, the programme has now been expanded to support eligible small and medium-sized enterprises (SMEs) across the Island 🌍
This has been funded through the Solent Growth Partnership. The programme aims to help businesses overcome barriers to growth through capital investment projects that create or safeguard jobs while securing additional private sector investment.
Two parallel funds make up the total £600,000 figure. The "whole-Island" Isle of Wight SME Fund consists of £400,000, while there is also a focused fund of £200,000 for Ryde based-businesses, which includes £100,000 of funding from Ryde Neighbourhood Board. Ryde businesses could still access further 'whole-Island' funds if there is the volume of good quality applications.
To be eligible, applicants must…
Be a young or established SME trading on the Isle of Wight ✅
Be seeking support for a capital investment project ✅
Apply for a grant between £5,000 and £50,000 ✅
Demonstrate a minimum of 50% private sector contribution towards the project (e.g if the overall project cost is £30,000, business can bid for £15,000 from the fund) ✅
Demonstrate how the project will create or safeguard sustainable private sector jobs on the Island ✅
Projects that deliver wider economic benefits and contribute to sustainable growth across the Island will be prioritised.
Application forms and further guidance for applying can be found here: https://ow.ly/NuPA50ZYpYj