northlincs.gov.uk

UK Shared Prosperity Fund Business Grants

UK Gov Logo NLC Logo Levelling Up Logo

The UK Shared Prosperity Fund (UKSPF or the Fund) is a central pillar of the UK government’s ambitious Levelling Up agenda and a significant component of its support for places across the UK.

North Lincolnshire Council is currently preparing our grant programme for the year 2024-2025.

The new grants will cover the below strands of investment and new guidance notes will be issued in due course:

  • Capital Investment – businesses can apply for up to £50,000.
  • Sustainability Investment – businesses can apply for up to £30,000.
  • Digital and Marketing Investment – businesses can apply for up to £10,000.

To complete a grant application form, you will need to be able to provide the below evidence and it may be beneficial to prepare these documents ahead of the grants being launched:

  • Three Years of Full Audited Accounts to include Profit & Loss, Balance Sheet & Associated notes (if a business cannot provide this then the business must provide two year forecasted P&L and cashflow if you have not been trading for more than 3 years’)
    • Please note – failure to submit adequate accounting information may result in businesses being deemed ineligible/not proceeding beyond due diligence stage. If you are unsure on what is required, please contact businessinfo@northlincs.gov.uk for advice.
  • Copy of Quote from Supplier (you will need to supply 3 quotes for all investments which exceeds £2,500).
  • Copy of Business Bank Statement to ensure compliance with regulations. (This must show bank account name, sort-code, account number – applicants can redact any further information).
  • Evidence of payroll at the point of application (BACS payroll run, HR List print off etc.) and this must match the information provided on the application form.
  • If the business is not a limited company than evidence of their Unique Tax Reference details.
  • Supporting Evidence (if available) – such as Energy Audit Report, consultancy reports etc.
  • Ownership Structure Chart if the company is part of a larger group (If applicable)
  • Credit Agreements for any financing solutions being utilised (if applicable)

If you would like to discuss further with one of the team, please feel free to contact businessinfo@northlincs.gov.uk.

Book a 1-2-1 support with an advisor

To book an in person appointment with one of our advisors please click the following link:

  • 23 April - Scunthorpe Central, Scunthorpe, DN15 6TX - 10am to 4pm
  • 25 April - The Ropewalk, Barton Upon Humber, DN18 5JT - 10am to 4pm
  • 1 May - The Angel, Brigg, DN20 8LD - 10am to 4pm
  • 7 May - Crowle Community Hub, The Market Hall, DN17 4LA - 10am to 3pm

Please note that you will be able to drop in without an appointment however limited advisors will be available so book ahead to avoid a prolonged waiting period; last appointments are 1hour from stated end time.

Book an appointment