Grants4Growth, a Greater Lincolnshire funding programme managed by South Holland District Council as part of the Business Lincolnshire Growth Hub offer, has recently approved their 100th grant offer to Greater Lincolnshire businesses. The grant funding, part of a £1.3million funding pot, is available to businesses looking to purchase capital assets in order to expand and develop.
Councillor Nick Worth, Chair of the Grants4Growth Strategic Board at South Holland District Council said “Seeing the growth potential of many local businesses boosted by grant funding from the programme is incredibly rewarding.
“We are keen to help as many businesses across Greater Lincolnshire as possible and by providing the grant funding towards their plans, we are helping to boost the local economy. This also provides an opportunity for businesses to put growth plans in motion, which may not have been possible without funding support.”
So far the funding programme has committed over £760,000, and grant recipients have been able to purchase machinery such as wave soldering machines, litho printers, cleaning facilities and CNC machinery, amongst many others, to increase production, diversify their service range, develop innovative prototypes and create new employment opportunities to expand their workforce.
Graham McKay, Director of Broken Fashion, a manufacturer of bespoke injury aids based in Grantham, received a grant towards an embroidery and dye sublimation machine to improve the quality of his products and increase product output. He said “The application was very straight forward and stress free – it couldn’t have been easier!”
Horncastle based Shelton Sportsturf Drainage Ltd, who manufacture field drainage equipment, also recently received grant funding towards the construction of a prototype machine, having previously been approached by agricultural businesses to build an environmentally friendly solution to land excavation.
Owners Michael Claxton and Richard Clark were delighted with the grant funding they received: “We are very happy with the help Grants4Growth have given us. Now we are able to expand our product line and offer something unique to our customers, whilst also increasing our annual turnover by almost a third.”
The grant funding is available to any eligible business based in Greater Lincolnshire, who can demonstrate their business case for growth. Grants range from £1,000 to £25,000, which can contribute up to 28% towards eligible costs for purchasing capital assets.