Find out about the Torbay Enterprise Fund and how it can help support your start-up or retail business.
We have launched the Torbay Enterprise Fund to help support business growth within start-ups and retail businesses in Torbay.
The new fund builds on the success of our previous business support programmes and complements the holistic approach of our Start Up, Stay Up, Scale Up business support programme which provides one route of entry for all business support enquiries.
The Enterprise Fund offers two different grants to support local businesses and high streets in Torbay:
There is more information below.
The Start-up grant is aimed at helping new businesses in Torbay who are experiencing difficulties with accessing start-up finance.
The grants of up to £3,000 are available to support Torbay business owners and entrepreneurs with eligible start-up costs. This could include things like a new website, office space or marketing collateral.
The grant is open to applications from new businesses in Torbay only (registered on or after 1 April 2025). Business owners must be engaged with the Start-Up Torbay programme.
The Retail Unit Improvement grant will help enhance Torbay’s town centres by supporting retail businesses in designated town centre locations to make physical improvements to their shop fronts.
Grants of up to £5,000 are available to help support existing independent businesses make improvements to shop fronts within specified town centre locations in Torbay.
The grant must be used for refurbishment, signage, shop fronts or any cosmetic or physical improvements, and must be matched pound for pound.
Thank you for your interest in the Start Up grant and Retail Unit Improvement grant.
Due to the unprecedented number of applications received since the Torbay Enterprise Fund opened, we have decided to close applications temporarily. This will enable the team to thoroughly assess the applications that have already been received.
Please continue to check this page for updates. Further information will be provided once all completed applications have been assessed.
The Torbay Enterprise Fund launched on Monday 1 September and applications will be reviewed on a regular basis.
Reasonable adjustments are available.
If you have any questions or require any support, please contact our Economy team by emailing EconomyTeam@torbay.gov.uk.