Growth Lincolnshire (GLLEP) (Free)

What is the business support?

The Growth Lincolnshire programme part funded by the European Regional Fund 2014-20 programme aims to help and support Greater Lincolnshire-based businesses to start and grow their businesses in the county. Growth Lincolnshire is a comprehensive programme where businesses can access business experts and mentors, support and guidance, grants and finance. 

Restrictions

All businesses that access any of the Growth Lincolnshire programmes have to be based within Greater Lincolnshire.

 

What could it do for your business?

1 - 1 Business growth advisers who will provide businesses with a business review and action plan

1 - 1 Resource Efficiency Support adviser, providing businesses with a resource efficiency audit and action plan

http://www.businesslincolnshire.com/advice-grant-scheme-finder/184/growth-lincolnshire-resource-efficiency-gllep

1 - 1 Supply Chain Development adviser to help identify new customers and markets, as well as new suppliers

http://www.businesslincolnshire.com/advice-grant-scheme-finder/185/growth-lincolnshire-supply-chain-gllep

1 - 1 Finance Readiness support adviser to help the business owner understand their financial position, and support them to become an attractive proposition for banks and investors

http://www.businesslincolnshire.com/advice-grant-scheme-finder/186/growth-lincolnshire-finance-for-growth-gllep

Support for recent Graduates to start up in business, assisting them to develop their creative, entrepreneurial ideas into a growing, profitble business

http://www.businesslincolnshire.com/advice-grant-scheme-finder/212/growing-graduate-enterprise-growth-lincolnshire

Comprehensive events programmes that will include masterclasses, workshops and flagship events - all of which will be informed by the needs indentified by the Advisers interaction with businesses

http://www.businesslincolnshire.com/events

Who runs it?

The Business Lincolnshire Growth Hub part funded by the European Regional Fund 2014-20 programme.

How to find out more

To book an appointment with a Growth Hub advisor please follow the link below:

http://www.businesslincolnshire.com/people-skills/contact-us

What is the grant available for?

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:

http://www.businesslincolnshire.com/advice-grant-scheme-finder/236/growth-lincolnshire-business-growth-and-digital-growth-grants-gllep

Capital or Revenue or both?

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. 

Percentage of Project Cost

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.

Eligibility Criteria

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:

  • Fewer than 250 employees
  • A turnover less than or equal to €50 million OR
  • A balance sheet total less than or equal to €43 million

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:

  • Fishery and aquaculture
  • Primary production, processing and marketing of agricultural products
  • Coal, steel and shipbuilding
  • Synthetic fibres

Delivery targets and required outcomes

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. 

Grant amounts available

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

Who provides the grant?

The Business Lincolnshire Growth Hub part funded through the European Regional Development Fund 2014-20 programme.

How to Apply

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 Information:

Contact:
Holly Wells

Address:
Unit 4, Witham Park House
Waterside South
Lincoln
Lincolnshire
LN5 7JN

Email:
holly.wells@lincolnshire.gov.uk

Website:
www.businesslincolnshire.com

Twitter:
@businesslincs