Milton Keynes City Council launched the grant scheme last year as part of the Bletchley and Fenny Stratford Town Deal which aims to drive economic growth to the area.
An inflatable balloon-dome company, independent cafes and local energy efficiency installers are among 25 businesses in Bletchley and Fenny Stratford who have been awarded grants to drive growth and create new jobs for local people.
Start-ups will receive up to £2,500 and more established businesses up to £5,000.
Successful start-ups demonstrated that they have a business ready to be launched in Bletchley and Fenny Stratford, or have been operating for three years or less and need support to develop. The grant will be used for marketing, branding, training, business planning, financial management, sustainability measures or IT equipment.
Existing businesses will receive up to £5,000 to grow their current offer through launching new products, or by scaling up. The grant will be used to buy new equipment, cover consultancy costs, staff training, rebranding, software development or repairs and maintenance of premises.
One of the successful applicants is BalloonyTyphoony, who supply inflatable balloon-domes for events and parties. They will be using the grant to purchase equipment that will help ensure their activities are suitable for children with disabilities.