Growth Lincolnshire - Business Growth and Digital Growth Grants (GLLEP) (Free)

What is the grant available for?

If you can demonstrate that an investment will create new jobs or significantly increase your turnover, you may be able to access one of our grants.This programme offers grants ranging from £1,000 - £10,000 and can contribute between 30% and 50% of your overall costs. In order to qualify, your business must meet certain criteria and be located in the Greater Lincolnshire area and you must have discussed and agreed your activity with a Business Lincolnshire adviser.

The grants are available through two seperate strands, as detailed below:

Lincolnshire Growth Hub Business Growth Grant (BGG)

To purchase items such as equipment, software and specific consultancy support not available through programmes operating in the GLLEP area.

Lincolnshire Growth Hub SME Digital Growth Grant (DGG)

To help fund the implementation of internal ICT solutions such as e-commerce platforms; website; cloud data storage storage solutions; digital management systems.

 

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:

Address:
Innovation House
Raynesway
Derby
DE21 7RW

Telephone numbers:
0116 240 5200

Email:
admin@bizlincolnshire.com