The UK Shared Prosperity Fund represents a transformative initiative designed to address regional disparities and promote economic development across the United Kingdom. FIS360’s involvement in this endeavour underscores its commitment to driving innovation and commercialisation within the local business landscape.

As a key contributor to the initiative, FIS360 will extend specialised 1-2-1 innovation and commercialisation support to up to 10 companies based in the Furness and Westmorland area. This tailored support aims to empower businesses, giving them the tools and insights necessary to enhance their competitive edge and contribute to the economic vitality of the region.

“Since FIS360 was incorporated over 10 years ago, we have continuously supported the innovative ambitions of Cumbrian businesses. Whilst often unseen at first glance, the region has a strong innovative culture. We are proud to be able to provide our support to such businesses via the CLEP Shared Prosperity Fund.” Frank Allison, CEO of FIS360 Ltd

Building on the success of its previous collaboration with CLEP on the Innovating for Success programme, FIS360 will continue to demonstrate its expertise in delivering innovation advisory support.

The partnership between FIS360 and CLEP reflects a shared vision for driving economic prosperity through innovation. By providing targeted, bespoke support to businesses in the local area, FIS360 aims to catalyse the development of groundbreaking ideas, technologies, and strategies that will shape the future of the region’s economic landscape.

From ideation to implementation, businesses will benefit from FIS360’s wealth of experience in guiding enterprises through the intricacies of innovation, helping them navigate the path from concept to commercial success.

The Cumbria Accelerator: Westmorland and Furness Programme has received £1,630,000 from the UK Government through the UK Shared Prosperity Fund via Westmorland and Furness Council.

The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus.