Portsmouth Naval Base businesses can bid for share of £4.7m
Businesses which support Portsmouth Naval Base are being invited to bid for £4.7m worth of investment.
Small and medium-sized companies in the Solent area can each apply for between £10,000 and £300,000.
The projects have to demonstrate they will help safeguard the 20,000 jobs linked to the base or create new ones.
The money comes at a time when BAE Systems is reviewing its ship building operation in the city, although there is still no date for a decision.
The firm, which also has yards in Govan and Scotstoun on the River Clyde in Scotland, is worried there will be insufficient work in the future to sustain all three.
But the Portsmouth base is still set to benefit from being the base of the Royal Navy's two new aircraft carriers.
A BAE Systems spokeswoman said the shipyard review should not put businesses off bidding for the new money.
"Maritime services are growing and will be sustained in Portsmouth long-term, separate to the review," the spokeswoman said.
"This funding could be used across a whole range of things to support the supply chain and support jobs."
The money has been secured by the Solent Local Enterprise Partnership from the government's Regional Growth Fund.
Successful firms will be awarded 20% of the cost of their ideas with them having to come up with the rest.