What is the grant available for?
Grants4Growth is a capital grants scheme designed to provide financial support to investment ready SMEs helping them to grow, expand and create new job opportunities in the Greater Lincolnshire area.
These purchases have helped businesses to increase capacity, improve productivity, create new products and exploit new markets, as well as add new members to their workforce. However, COVID-19 has rapidly changed the business landscape and negatively impacted many SMEs, causing declining profits, supply chain issues and redundancies. The expanded criteria means that SMEs can buy the assets they need to adapt, protecting jobs and sustaining their business. The updated criteria allows SMEs to purchase equipment and machinery that can help to safeguard jobs and future-proof their business
Unfortunately this scheme is currently unavailable to support Rutland businesses.
Percentage of project cost
Capital grants are available up to a maximum of 28% of the eligible capital spend
Any eligibility criteria
Eligible SMEs who are Investment Ready in the Greater Lincolnshire LEP area.
Any required delivery targets / outcome required
Promote business growth, help create jobs and improve productivity.
What grant amounts are available?
The minimum grant available is £1,000 and a maximum of £24,999.
Who provides the grant?
Grants are administered by South Holland District Council on behalf of the European Regional Development Fund.
How to apply for the grant?
Click HERE to apply.
Closing Date: 31/12/2021