Since the inception of the ERDF fund, through varied Business Lincolnshire branded schemes, 2,073 grants have been approved, totalling an astounding £7,817,595 in funds distributed to support local businesses.
With the European Regional Development Fund (ERDF) funding ending on 30th June 2023, Business Lincolnshire takes this moment to reflect on the tremendous success achieved through the vast array of events, resources, and advisory services, delivered under the Business Lincolnshire brand that have been instrumental in supporting local businesses throughout Greater Lincolnshire.
Thanks to ERDF's backing, over 44,500 businesses in the area have benefitted from the support offered, resulting in the creation of more than 2,200 new jobs. This achievement is a testament to the dedication and commitment of Business Lincolnshire in fostering a thriving business ecosystem throughout Greater Lincolnshire.
Business Lincolnshire has been a beacon of support for budding entrepreneurs, facilitating the creation of 873 new businesses. Additionally, it has served as a valuable resource for countless businesses seeking expert advice and guidance. There has been an overwhelming vote of confidence from business leaders, with an impressive 93% satisfaction rating, highlighting significant effectiveness in nurturing and empowering businesses.
As ERDF funded support transitions to the UK Shared Prosperity Fund (UKSPF), Business Lincolnshire remains committed to its mission of aiding businesses in the region. The new funding presents fresh opportunities, and the Business Lincolnshire team are keen to ensure businesses continue to get access to the best support that is available to them.
"We are immensely proud of the achievements made possible by the support of the European Regional Development Fund. Through the collaboration of local providers, entrepreneurs, businesses, and the guidance of Business Lincolnshire, we have witnessed remarkable growth and progress in the region's business landscape," said Cllr Colin Davie, Lincolnshire County Council Executive Councillor for Economy & Place. "
