The UK Shared Prosperity Fund (UKSPF) 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.
Thinking of starting a business? You may be eligible for a UKSPF start-up grant, for full details visit Start-ups.
UKSPF Business Growth Capital Grant
Applications for this grant have now closed.
North Lincolnshire Council has just launched a new UKSPF Business Growth Capital Grant for local SME's located in North Lincolnshire that have been trading for over 12 months. Funding will be awarded on a first-come, first-served basis until the allocation is fully committed.
The grant will help businesses future-proof their operations by investing in equipment, plant, digital systems, and energy-efficiency measures that strengthen long-term sustainability and competitiveness.
The scheme is intended for businesses with projects that are ready to start immediately upon receiving an offer letter. Funding is offered on a first-come, first-served basis until the allocation is fully committed. Funding may be used for:
- New plant, machinery, and equipment to expand capacity or improve quality.
- Introduction of new technologies or processes to improve productivity.
- Diversification of production into new or additional products or services.
- Energy-saving and low-carbon measures, such as solar panels, heat pumps, or energy-efficient machinery.
Minimum project value: £5,000
- Grant: £2,500
- Business contribution: £2,500
Maximum grant available: £5,000
- This typically supports projects up to £10,000 total cost (50% grant, 50% match funding).
- Businesses may choose to invest more than £10,000, but the maximum grant contribution remains capped at £5,000.
Upon approval, projects need to be completed and claims submitted, within 30 working days of the offer date.
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