If you need help to understand the options available to fund your planned growth, decide on the most appropriate type of funding or find the right funding provider, we can help.
Our specialist advisers can also help you present the best funding application possible to get the right documentation in place to apply for growth funding, improving your chances of success.
This finance for growth programme can help your business with the following support and services:
This Growth Lincolnshire programme is run by The Business Lincolnshire Growth Hub
To book an appointment with a Growth Hub advisor please follow the link below:
http://www.businesslincolnshire.com/people-skills/contact-us
If you can demonstrate your investment will create new jobs or significantly increase your turnover, you may be able to access a grant to part fund your project. Grants range from £1,000 to £10,000 and can contribute between 30% and 50% of your overall project value.
To find out more information about the grants that are available please follow the below link:
The application can either be for a capital or revenue grant. A mixture of both types of expenditure in a single application is not allowable.
The percentage of project costs are 50% for grants between £1,000 and £2,999 and 30% for grants between £3,000 and £10,000.
To qualify for each of these grants your business must meet the following criteria:
1. An SME as defined by the EU definition. This means your company or group of companies must have:
2. Able to demonstrate the intention to grow/improve – (through creation of increased turnover, increased jobs and/or introduction of new products/services/processes)
3. Businesses operating mainly in the following sectors are unfortunately not eligible:
Grant supported Growth/Improvement projects must be completed, paid and claimed for within 6 months of grant confirmation. Grants cannot be paid for work that has already been completed.
SME beneficiaries must adhere to EU procurement rules, by inviting a minimum of 3 quotations for the project. The grant paid will be based on the lowest quote.
Lincolnshire Growth Hub Business Growth Grant (BGG)
Small grants between £1,000 and £2,999 with 50% of the project cost being provided by the business and 50% by the grant.
Large grants between £3,000 and £10,000 with 70% of the project cost being provided by the business and 30% by the grant.
The upper limit on the total project value that could apply for a Business Growth Grant is set at £100,000.
Lincolnshire Growth Hub SME Digital Growth Grant (DGG)
There is up to £1,000 available to support up to 50% of eligible costs
The Business Lincolnshire Growth Hub part funded through the European Regional Development Fund 2014-20 programme.
To book an appointment with a Growth Hub advisor please follow the link below:
http://www.businesslincolnshire.com/people-skills/contact-us
Applicants will be referred to the Grant by their Growth Hub Advisor, who will endorse the application & collect evidence of outputs.
The grant is part funded through the European Regional Development Fund 2014-20 programme.'
Contact:
Russell Copley
Michelle Davis
Telephone numbers:
01522 837269
01332 608243