What is Grants4Growth?
It provides Small and Medium sized businesses (SMEs), operating across South and East Lincolnshire Councils Partnership area (Boston, East Lindsey and South Holland), with grants to help purchase both the capital equipment/machinery and the business services they need to grow.
There are 3 types of grants available, 2 larger grants for businesses employing 5 or more people and a smaller grant for very small businesses looking to invest £5,000 or less in total.
1. Capital Grant Fund - Min £1,000 - Max £24,999 (£50,000 in exceptional circumstances) up to 30% of eligible costs for the first £25,000 and at a reduced rate above that
2. Revenue Grant Fund - Min £1,000 - Max £24,999 (£50,000 in exceptional circumstances) up to 30% of eligible costs for the first £25,000 and at a reduced rate above that
3. Micro Business Grant Fund - Min £500 - Max £2,500 up to 50% of eligible costs
In order to help as many businesses as possible only one application per business can be submitted during the programme.
The previous Grants4Growth capital programme launched in 2017 invested around £3.8m with over 400 SMEs, funding assets such as forklift 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!
With the new programme we are delighted to be able to extend the grant offer to not only fund physical assets (Equipment & Machinery) but also to be able to offer Revenue grants to support such things as website development, marketing campaigns, purchase of technical expertise, specialist consultancy or management training.
Support and advice in applying for our 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.