These UK Shared Prosperity Fund projects are under the Supporting Local Business theme. This theme supports local businesses in Edinburgh to thrive, innovate and grow.
Additional services to the baseline Business Gateway offering is increasing the numbers of high-value start-up businesses, increasing start-up numbers from previously underrepresented demographics and supporting first-time exporters to enter new markets.
Green Tech accelerator programme that teaches entrepreneurial skills to build new startups that have a positive environmental impact at their core.
Development of an investment fund that educates and then funds MedTech startups that focus on products and services that improve health.
Net Zero Edinburgh supports small and medium enterprises to make a just transition to net zero. They are achieving this through the delivery of a five-step programme, supported by events, toolkits and knowledge sharing.
Edinburgh Chamber of Commerce is funded through UKSPF to support businesses on the journey to Net Zero. Everyone’s Edinburgh received funding to carry out research to understand how businesses in Edinburgh can be supported to consider and pursue being businesses of purpose who pursue inclusion and sustainability alongside their profit-focussed activities. Through these two pieces of work, an ambitious plan has been developed to support businesses in Edinburgh to become BCorps. This plan is being supported by UKSPF in Year 3 of the programme. Certified B Corporations are companies verified by B Lab to meet high standards of social and environmental performance, transparency, and accountability.
This year, a marketing campaign and series of events is laying the groundwork for an initiative to support 500 Edinburgh businesses to become BCorps.
This project aimed to support businesses on their journey to becoming more purpose-driven and aware of the impact they have. The aim is to create a city-wide culture where business success means making a positive impact on economic prosperity, social well-being and environmental sustainability.
The UKSPF grant funded research to understand what businesses, especially SMEs, need from the business support ecosystem, and what the ecosystem could offer and achieve if it operated in a more co-ordinated way.
In April 2023, a new campaign proposition will be developed in alignment with the city’s tourism marketing objectives. Forever Edinburgh: ‘The Beauty Within’ will bring visitors closer to Edinburgh through stunning visuals, videos and written content.
The campaign capitalises on the emerging consumer travel trend of visitors seeking unique and memorable experiences.
It utilises Edinburgh’s reputation as a beautiful city, both inside and out. It also shows target audiences that Edinburgh is a city for everyone and generate new inclusive content.