Support for businesses

North East Lincolnshire Council works with its partners to provide a range of products and services to help businesses grow and create jobs.

Loans and grants

---

UK Shared Prosperity Fund

North East Lincolnshire Council have been allocated £5.2m over the next three years through the UK Shared Prosperity Fund. This is funding to replace current European grant provision which supports activities and services for our communities and businesses.

If you would like to find out more about the UK Shared Prosperity Fund, find out our investment priorities for our area and have a chance to shape where the funding should go, more details on the the UK Shared Prosperity fund can be found here.

---

Clean Growth Accelerator Fund

Building on the recently released UK Innovation Strategy the Greater Lincolnshire LEP are inviting organisations and businesses to submit projects that will enable innovation or research and development led ideas focused on decarbonisation and clean growth within the Greater Lincolnshire LEP area to be further developed and progressed. More details on the Clean Growth Accelerator Fund can be found here.

---

European Agricultural Fund for Rural Development (EAFRD)

This fund aimed to improve the competitiveness of agriculture and forestry, the environment, countryside, and the quality of life and management of economic activity in rural areas.

Contact Ashley Myers – Ashley.Myers@lincolnshire.gov.uk for further information.

---

Labour Market Support Fund

The Greater Lincolnshire LEP are inviting organisations and businesses to submit projects that will address labour market challenges. Essential criteria for this Fund will be as follows:

• There is a maximum of £1.7m available in this scheme
• Scheme proposals can be capital or revenue or a combination of both
• Funding requests should be in excess of £200,000 although consideration will be given to proposals that seek £100,000 if there is a very strong case
• All funds must be spent by 31 December 2024, and outcomes delivered by 31 December 2025
• Schemes must demonstrate immediate to short-term impacts and evidence clear outcomes

Visit the Greater Lincolnshire LEP website for details on which barriers to employment and categories that will be considered for funding.

---

Finance for Growth

As part of the Finance for Growth project delivered by the Humber Business Growth Hub, businesses could be eligible for grants of between £1,000 and £2,500 (40% intervention rate).

The grant can be accessed by SMEs based in the Humber area that wish to pursue a recovery or growth plan and who would benefit from external expert advice or consultancy, most commonly of a finance nature. Some examples of the types of projects we can support include:

• Production of a business plan
• Preparation of financial projections supporting a growth/recovery plan
• Expert advice – financial reviews, strategic reviews, recovery plans, growth plans
• Gearing up for the next stage of financial investment
• Development and introduction of a financial management system/reporting

Contact Jose Stewart – jose.stewart@nelincs.gov.uk for further information.

---

ICT for Growth

Does your business need to embrace more digital technology and expertise (cyber security, digital marketing, e-commerce, etc.)?

Are you looking to expand your business to offer new services or products by utilising ICT?

Do you need specialist support to implement and install new IT systems to increase efficiency and profits? ICT for Growth is here to support your business on its digital journey, through advice, access to grants and specialist support. Learn more details on the GrowMySME website.