28 October 2019

Grants for growth available

The Greater Lincolnshire Local Enterprise Partnership (GLLEP) has allocated funding to support businesses to grow.

Growth Lincolnshire - Business Growth and Digital Growth Grants are available for businesses with funding ranging from £1,000 to £10,000 and can contribute between 40 per cent and 50 per cent of your overall costs.

Businesses need to demonstrate that an investment will create new jobs or significantly increase turnover, they may be able to access one of the grants.

Business Growth Grant (enterprise)

Funding to buy items such as equipment, software and specific consultancy support not available through programmes operating in the GLLEP area.

  • Capital grants are between £1,000 and £10,000 at 40 per cent grant and 60 per cent match.
  • Revenue grants between £1,000 and £10,000 at 50 per cent grant and 50 per cent match.

Growth Hub SME Digital Growth Grant (DGG)

To help fund the implementation of internal ICT solutions such as e-commerce platforms, website, cloud data storage solutions and digital management systems.

  • The fixed grant amount is £1,000 with an intervention rate of 50 per cent in all cases.
  • The application can either be for a capital or revenue grant, not both. SME EU Qualifying criteria rules apply.