Greentech innovators and gourmet food producers are among businesses benefiting from a further £1 million investment into the county’s economy by Surrey County Council.
Nearly 30 companies and entrepreneurs are receiving individual grants of up to £75,000 in the latest round of funding.
The investment, which is largely made up of UK Shared Prosperity Funding from government, will unlock millions of pounds of match funding while creating dozens of local jobs.
Among the recipients are Mantisonix, a University of Surrey spinout in Guildford, which has developed ultrasonic technology to sustainably destroy “forever chemicals”. The new facility will reinforce Surrey’s position as a leader in environmental innovation.
MS Venison will create a new butchery facility in Oxted while family-run catering business Afromufasa will purchase a new food truck, creating up to eight jobs in Weybridge.
Godalming-based DIY Her Way will look to provide online training for 100 women to become electricians, helping addresses Surrey’s shortage of skilled tradespeople.
Councillor Matt Furniss, Surrey County Council’s Cabinet Member for Highways, Transport and Economic Growth, said: “This investment represents another significant step in strengthening and growing Surrey’s economy.
“The quality and breadth of the bids within the hundreds of applications that we received is testament to the vibrancy of the business community across the county.
“I’m delighted we have been able to support close to 30 companies with their innovative ideas to grow and look forward to seeing them delivering benefits to our people and places over the months to come.”
Surrey County Council launched the Economic Growth Fund in April with a focus on supporting ideas to accelerate growth, boost innovation and create new employment opportunities.
About £2 million was distributed when the first round of grants was announced in September.
With a further £1 million awarded in round two, the total invested locally this year now stands at more than £3 million.
Among those to benefit include Rhevia (formerly known as Streetwise Technology) in Reigate. The firm uses hardware and AI to make highways safer for pedestrians while improving vehicle flow.
Dorian Isaacson, of Rhevia, said: “Being selected for funding by Surrey County Council was a huge vote of confidence for us at a critical stage of our growth.
“The grant has been genuinely transformational, it enabled us to recruit two new team members and significantly advance our technology, making our product more sophisticated and commercially viable.
“That progress has directly helped us win new customers and accelerate our growth. As we scale, we expect this to translate into high-value jobs, continued innovation, and a growing contribution to the Surrey economy.”
The Economic Growth Fund is one of several ways the council supports businesses and a growing Surrey economy.
For further details and to register for fully-funded support to start and grow a business visit www.businesssurrey.co.uk.
Notes to editors:
The businesses to win funding in round two of the Surrey Economic Growth Fund are:
- Afromufasa
- Aqua Broadcast Limited
- Batts Hill Distillers
- BecDan Limited (DIY Her Way)
- Carpet Ease Limited
- Carry on Coffee
- Charlie and Ginger LTD
- DigiKind Ltd (Kathy Kyle)
- Fit with Frank
- Hurtwood Events CIC
- Kampyro Ltd t/a Emovement
- Lesh
- MS Venison Ltd
- Mantisonix
- More Meals Ltd
- Morpheus Fluid Ltd
- Old School Longcross Ltd (t/a Old School Windscreens)
- Parcours Velo Ltd
- Porky Whites Ltd
- Rawlings Opticians
- Rhizo PTX
- Shetland Pony Club (registered as Shetland Pony Centre LLP)
- Silvermere Gymnastics
- Star Player Ltd
- Surrey Signs & Display Limited
- Systems & Networks Training
- The Nourishment Academy (t/a Strength & Bloom LTD)
- West Fisher Winery
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