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Last updated 11 August 2023
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Money out of focus

Future Fund

The Future Fund has been set up by Enterprise M3 LEP to support innovative capital projects in the EM3 area, which covers north and central Hampshire and west Surrey, to help deliver on our vision for a low carbon, high growth economy.

Up to £10 million of capital funding is available. Funding will take the form of an interest repayable loan or a grant award. In order to maintain the ‘revolving’ nature of the Future Fund, loans are the preferred funding option. Grants will only be considered where there is a clear rationale put forward by the project applicant and this is supported by evidence of the high economic value the project could generate.

We are now seeking high quality project proposals from organisations in the EM3 area that will focus on the following themes:

  • Innovation
  • Achieving Net Zero by 2050
  • Digital connectivity
  • Green skills and/or Digital skills  

Local Growth Fund

Enterprise M3 was 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 was 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.

From 1 April 2024, the responsibility for LEP functions across the Enterprise M3 LEP region has transferred to Hampshire County Council and Surrey County Council.

The Enterprise M3 Board met for the last time in March 2024 and Enterprise M3 LEP is no longer operating as an organisation.

For any enquiries relating to economic development across the counties of Hampshire and Surrey, please visit the Hampshire County Council website and Business Surrey respectively.

Please note that Enterprise M3 LEP staff have transferred to Hampshire County Council to continue to deliver services and activities in Hampshire, including the Growth Hub, the Careers Hub, work on key business sectors, and trade and investment.  

They can be contacted by emailing and respectively. Alternatively, please contact the

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