Grants4Growth offers the opportunity to apply for capital grant funding to help businesses grow. Grants4Growth is an ERDF project managed and delivered by South Holland District Council’s Inward Investment Service. Providing eligible businesses with grants to purchase capital assets which stimulate production and sales, create innovations and efficiencies and ultimately help increase our region’s profitability and create high value, sustainable jobs.
What is Grants4Growth?
The Grants4Growth programme provides capital grants between £1,000 and £25,000 to eligible SME’s who can demonstrate real growth potential.
Support and advice in applying for capital grants is free. The process is extremely straight forward and simple and we aim to get a decision to you within 2 weeks of applications being submitted.
Funding is limited and the process is competitive. All grants need to be spent by June 2019 so SME’s applying need to be investment ready with clear plans on how their investment will stimulate growth within their businesses.
What is Grants4Growth for?
Capital Grants are availiable for businesses wanting to...
Invest in assets that facilitate growth, improve resilience and create jobs.
Invest in equipment and machinery that helps increase production capacity, develop new products, exploit new markets or enhance innovation.
To date we have helped over 30 businesses to invest in a variety of Capital projects.
Examples of approved grants include:
Fork Lift Trucks
Printing & Embroidery equipment
Laser cutting & CNC Machinery
Compressors and Shot Blasting units
Industrial parts Washers
New Machine Tooling
Spray Paint equipment
Speak to us about your plans and we will help if we can.
What Grants4Growth Can't Support
Unfortunately we are unable to support the following capital investments:
Purchase of Stock
General IT – Hardware and Software
New Build or building refurbishment costs
Any road going vehicles
Any H&S or Statutory related spend
All revenue related spend, including Staff Salaries and Training, Website Development, Electrical Installation or Groundwork costs, is also ineligible for support.
How does Grants4Growth work?
Express an Interest > Eligibility Criteria Check > Application Process > Award Decision
A dedicated Business Broker will provide you with 1 to 1 support, discuss your plans and support your application.
Applications will be assessed on merit by a Grants Panel that meets fortnightly. The value of grant offered is typically determined by:
The total eligible expenditure of your project
The impact the investment will have on your growth and the growth of the local economy
The grant funding that’s available and the strength of competing applications!
All applicants will be asked to provide copies of 3 previous years accounts and 3 quotes relating to the proposed capital investment.
Eligibility for Grants4Growth
Grant eligibility is straight forward. Your business must be classed as an SME (Small or Medium-Sized Enterprise). The criteria are as follows:
Your business must employ less than 250 people
Your business must not be more than 25% owned by another business
Your business has a turnover of less than €50 million (£41 million) or a balance sheet of less than €43 million (£35 million)
Your business must not have received more than £170,000 of grants or State Aid in the last 3 years
In addition there are certain business sectors which are ineligible. These include:
Agriculture and horticulture, fisheries and aquaculture, forestry, coal and steel production, ship building, healthcare, education and retail.
If you are unsure, please ask.
A grant can help to fast track your growth plans
It can increase your competitive edge and help improve long term profitability
It’s quick and easy to apply and you’ll get a quick decision
It gives you access to free, independent business support through our network of partners