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£4 million cash boost for Lincolnshire's small and medium sized businesses

Posted by Social Change on 2016-09-22 00:00

Small and medium sized businesses in Lincolnshire will be able to access free expert advice and grants to grow their business after a £4million cash injection into the county's Business Lincolnshire Growth Hub.

Funding has been secured by Lincolnshire County Council from the European Regional Development Fund.  for a three-year programme to boost local economic growth and create jobs across the county.

The support is available exclusively to small and medium sized business in Greater Lincolnshire (including North and North East Lincolnshire).

It is designed to help businesses:

  • Understand their current business position and the basic pillars needed to support their growth in the future
  • Get their business ‘investment ready’ and access finance for growth
  • Save energy, reduce waste and become more resource efficient;
  • Manage supply chains more effectively and access new supply chains;

A number of grants will also be available to businesses to help them grow – starting from £1,000 and rising to £10,000. ­

Councillor Colin Davie, Executive Member for Economic Development at Lincolnshire County Council, said: “ Small and medium sized businesses are the backbone of our local economy. We want to help them grow and create more jobs, and this programme of free support will do exactly that”.

“Grants will be available to businesses wanting to create jobs, including a pot for those wishing to improve digital capabilities and another for firms with expansion plans.

"So if you're a local businesses wanting to grow, get in touch”.

Businesses can find out more about the Business Lincolnshire Growth Hub and speak directly to business advisors at a special event to be held in Sleaford on Thursday 20th October 2016. The event will provide businesses with an overview of the latest support and grant funding opportunities and book a one-to-one session with a business advisor. To book a place, email BusinessLincolnshire@lincolnshire.gov.uk or book online at: https://www.eventbrite.co.uk/e/business-support-programmes-funding-for-your-established-business-tickets-27543891521?aff=es2  

The event will be held at the Sleaford New Life Conference Centre, Mareham Lane, Sleaford, NG34 7JP from 10-1pm. One-to-one sessions will be available from 1-3pm.

Further information and full details of the programme and the grants available can be found by searching the Advice and Grant Scheme Finder on the Business Lincolnshire Growth Hub website: www.businesslincolnshire.com