COVID-19 Recovery Support Programme

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North Lincolnshire Council are launching a Covid-19 Recovery Support Programme comprising of a Business Start-Up Grant, Business Diversification Grant and Covid-19 Renew Scheme.

Business Start-Up Grant

The Business Start-Up Grant is a one-off payment to assist individuals to meet business costs associated with becoming self-employed or starting a small business.

This grant is for any individual who meet the scheme’s criteria, certain types of businesses are not eligible for the scheme including public sector organisations, domestic households, businesses linked to other organisations and the voluntary sector.

Grants are up to a maximum of £1,000 but generally amounts will be in the region of £500. The funds are limited, so therefore only those applications that can demonstrate best value will be considered.

The funding can be used for equipment and other capital expenditure (Other than vehicles and standard IT Equipment, such as laptops, computers, and tablets) and other specific start-up costs, such as those associated with any accreditations or permits required.

To start the application process for the Business Start-Up Grant, you will need to book an appointment with a business advisor via our online booking portal.

You will be asked to provide a business plan when you apply, the business advisor will talk you through this if you do not have one currently. A template business plan is available here.

Business Diversification Fund (BDF)

The Business Diversification Fund has been set up to safeguard jobs in the Visitor Economy sector and create new jobs through business diversifications. It aims to support those businesses looking to diversify from their existing model to improve sustainability and continue delivery of services in a new scope.

The full eligibility guidance for this fund can be found in the eligible activities and investment levels document.

The maximum grant level per applicant is £7,000 per new job created, and £6,000 per job safeguarded. The minimum grant level is £1,000.

The BDF must maintain an overall investment ratio of at least 1:4, this means that for every £1 invested through the fund, the applicant must contribute a minimum of £4 towards the project.

There are various activities that this fund can contribute to, these can be found in the Eligible Activities and Investment Levels document.

To start the application process for this fund, you will need to complete an expression of interest document – the timescales for submitting an expression of interest can be found towards the bottom of this page.

COVID-19 Renew Scheme (CRS)

The COVID-19 Renew Scheme has been set up to support the creation of new jobs in response to jobs lost due to COVID-19. It aims to support those businesses affected to consolidate and to grow the economy through new investment which has been disadvantaged through the impact of job losses.

The full eligibility guidance for this fund can be found in the eligible activities and investment levels document.

The maximum grant level per applicant is £7,000 per new job created. The minimum grant level is £1,000.

The CRF must maintain an overall investment ratio of at least 1:4, this means that for every £1 invested through the fund, the applicant must contribute a minimum of £4 towards the project.

There are various activities that this fund can contribute to, these can be found in the Eligible Activities and Investment Levels document.

To start the application process for this fund, you will need to complete an expression of interest document – the timescales for submitting an expression of interest can be found towards the bottom of this page.

If you would like to discuss your application for this scheme, please contact businessinfo@northlincs.gov.uk.

Timetable

  • Wednesday 21 April 2021 – Expressions of Interest Open.
  • Wednesday 19 May 2021 – Expressions of Interest Close.
  • Wednesday 2 June 2021 – Latest date for businesses to be notified of outcome from Expressions of Interest.
  • Wednesday 2 June 2021 – Full Applications invited from successful businesses.
  • Wednesday 14 July 2021 – Deadline for completed Full Applications.
  • Wednesday 28 July 2021 – Latest date for businesses to be notified of outcome from Full Applications.
  • Thursday 31 March 2022 – All projects must be practically and financially complete.

Please note – The above timescales are for the Business Diversification Fund and COVID-19 Renew Scheme. The Business Start-Up Fund is on a first come, first served basis.

These dates are subject to change. Should the funds be oversubscribed then the closing dates for all expressions of interest will be brought forward.

Contact

If you have any questions about these grant schemes, please email businessinfo@northlincs.gov.uk.