What is the grant available for?
Lincolnshire Growth Hub SME Digital Growth Grant (DGG)
If you can demonstrate that an investment will create new jobs or significantly increase your turnover, you may be able to access our grant. The maximum and minimum grant is £1,000. The maximum project size is £20,000 with an intervention rate of 50% in all cases.
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.
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 is for a capital grant.
Percentage of project cost
The maximum and minimum grant is £1,000. The maximum project size is £20,000 with an intervention rate of 50% in all cases.
Any 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
4. Been trading for at least 12 months.
Any required delivery targets / outcome required
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.
Who provides the grant?
The Business Lincolnshire Growth Hub part funded through the European Regional Development Fund 2014-20 programme.
How to apply for the grant?
You need to be working with a Growth Hub Advisor to access these grants, please click here:
Applicants will be referred to the Grant by their Growth Hub Advisor, who will endorse the application & collect evidence of outputs. Businesses are only eligible for one grant and priority will be given to those who will create new jobs.
The grant is part funded through the European Regional Development Fund 2014-20 programme.'