Business funding and grants
There are many grants available to support businesses with different goals. These aim to help businesses to make the investments they need to prosper and grow. You can find information on current business funding and grants on the Heart of the South West website.
Rural England Prosperity Fund
The 2025-2026 programme opened on 1 May 2025. Due to the unprecedented level of applications received, the programme is now closed as all grant money has now been allocated.
Somerset ‘Go Green’ Scheme and Green Business Grants Round 4
The ‘Go Green Scheme’ and the ‘Somerset Green Business Grant Scheme’ offer practical help and financial support to reduce energy consumption and carbon emissions. The schemes are available to Somerset based businesses with up to 250 employees.
The ‘Go Green’ Scheme is delivered by the Net Zero specialist consultancy Balanced Energy. It helps eligible Micro, Small and Medium Sized Enterprises to understand their energy consumption and shows how this can be reduced. A Go Green Scheme audit will enable businesses to apply to Somerset Green Business Grant Scheme.
The Somerset Green Business Grant scheme offers between £2500 and £15000 as a contribution of 50% to total eligible project costs, with the remainder funded by the applicant. Grants can only be used for ‘capital’ investments.
The grant scheme provides funding to businesses to increase energy efficiencies and reduce energy costs, decarbonise business practice, process, and supply chains.
Examples of eligible activity include, but are not limited to:
- LED lighting and lighting controls
- Boilers, Heating plant, Equipment or Batteries (power generation)
- Heating or Cooling controls
- Specialist energy efficient equipment (for example, manufacturing tools)
- Increased energy efficient equipment (for example, refrigeration)
- Heat recovery systems
- Solar installations, wind turbine, heat pumps
- Electric vehicle infrastructure (for example, batteries, forklifts, lifting machinery)
- Smart Energy Monitoring Systems
We are unable to fund EV charging points, staff costs, electric vehicles, or installations to, or which benefit, domestic properties.
This application round will close on 31 October 2025.
The Go Green Scheme and Green Business Grant Schemes are funded from the Local Growth Fund and the UK Shared Prosperity Fund. Please complete the online form below to assess if you are eligible to receive Green Grant Funding. Successful applicants will then be sent over a full application form and guidance material.
Check your eligibility
As a requirement of the Green Grants, you will be required to undergo an energy audit. If you do not have an audit in place, please register for free on Go Green Scheme website.