What is Grants4Growth?
It provides Small and Medium sized businesses, operating across Greater Lincolnshire, with grants to help purchase the capital equipment and machinery they need to grow.
Up to 50% of the total cost of eligible assets can be supported with Grants of between £1,000 and £25,000 available. To access the grant your planned expenditure must be at least £2,000. Most of the available funding has already been allocated so it is quite likely that grant awards will be less than 50% in order to help as many businesses as possible.
Since our launch in 2017 we have invested about £3.1m with over 355 SMEs, funding assets such as fork lift trucks, printing & embroidery equipment, laser cutting & CNC machinery, compressors and shot blasting units, industrial parts washers, new machine tooling, spray paint equipment and much more!
The fund was enhanced with an additional £1.6m in 2019 and a further £500k in 2022 so we are now looking to support even more local companies as they plan to develop and grow. However, most of the available funding has already been allocated.
Support and advice when applying for our capital grants is completely free and the process is very straight forward. We aim to get a decision to you within 2 weeks of your application being submitted, although this could be up to 4 weeks at busy times.
Grants4Growth is an £14m ERDF funded project delivered by South Holland District Council in Greater Lincolnshire. It provides capital grants for SMEs to purchase/install efficient new processes, production facilities helping them to invest-to-grow; its function is to administer simple, straightforward grants and quantifiable action to help businesses invest to grow, improve resilience and create jobs .
The Grants4Growth portal is part of the Greater Lincolnshire Local Enterprise Growth & Efficiency Programme, managed by South Holland District Council. The main funder is the European Regional Development Fund administered by the Department for Levelling Up, Housing and Communities.
Grants4Growth is delivered as part of the Business Lincolnshire Growth Hub funded by the Greater Lincolnshire LEP. The LEP is a business-led partnership between local businesses, academia, voluntary organisations and local government with a remit to boost the local economy and create new jobs. A dedicated local business broker is embedded within the delivery team to help businesses access grants.