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Funding

Last updated 17 December 2019
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Money out of focus

Enterprise M3 has £45m of capital funding available in 2019/20 for projects that support our vision. This funding will be used to support 44 projects across Hampshire and Surrey and £4.9m will be delivered on a loan basis, thus maximising the funding available to us. Through the entirety of our capital programme and through the activities of our Growth Hub, Careers and Enterprise Company and Enterprise M3 Funding Escalator in 2019/20 we expect to:

  • Create/safeguard 2,500 jobs
  • Support the completion of 1,000 new homes
  • Support the completion of 9,000 square metres of employment floorspace
  • Support 300 apprenticeship registrations
  • Create/refurbish over 5,000 square metres of learning floorspace

Local Growth Fund

Enterprise M3 have been awarded a total of £219m from Central Government to assist our region in creating jobs, delivering homes, easing congestion. Some of our most recent investments have enabled local workforce development and advancements in digital connectivity. 

Please engage with our key contact to find out more.

European Structural and Investment Funds

The Enterprise M3 area has been allocated €50m of European Structural and Investment Funding for the 2014-2020 funding period. This is made up of €25.2 of European Regional Development Fund (ERDF), €20.46m of European Social Fund (ESF) and €4.4m of European Agricultural Fund for Rural Development (EAFRD) funding.

Please engage with the ESIF Project Officer to find out more.

Enterprise M3 Funding Escalator

Enterprise M3 have committed £10 million of capital to create a new funding escalator comprising a loan scheme and an equity fund managed by the FSE Group.

Please engage with the Key contact to find out more.

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