The Business Lincolnshire programme offers companies access to grant funding, which is intended to support clients to grow their business.

Grant support for:

  • Developing / implementing elements of their growth strategy;
  • Improving the financial readiness, structure and systems of business;
  • Support the business to develop processes, systems and accreditation’s to access supply chain opportunities;
  • Assist the business with resource efficiency processes, practices, and solutions;
  • Improve the leadership and management capability of the business

Qualifying projects could include:

  • Purchase of advanced technology to progress the business product line / expand operations;
  • Design and build of bespoke innovative systems;
  • Development, testing or launch of new products and services;
  • To support R&D for the above;
  • Design and build of prototypes for new systems / equipment;
  • Purchase of specialist consultancy support to enable the above

The grant funding CANNOT be used to fund the following:

  • Purchase of “standard” office information technology equipment. For example laptops, or PC’s unless this has been highlighted as a business need within the Action Plan;
  • Paying off debts or refinancing;
  • Purchase of land or buildings, or financial investments;
  • Salaries, travel, or subsistence (unless in connection with any of the eligible categories);
  • Ongoing normal business costs (i.e. business rates, overheads etc) or costs associated with a statutory requirement of the business;
  • Any statutory or legislative obligations, duties or requirements;
  • Any low carbon or renewable energy technology where the applicant would receive Feed in Tariff (FiT) or Renewable Heat Incentive (RHI) payments;
  • Any costs which have already been incurred prior to the beneficiary receiving grant approval.

The minimum grant value is £1,000 and the maximum grant value of £10,000.

Grants between £1,000 and £2,999 in value are offered at a 50% intervention rate.

Grants between £3,000 ad £10,000 in value are offered at a 30% intervention rate.

ERDF Funded

Grant funding