Local firms urged to take slice of £1.2m business growth package


More than £1.2m is being invested in helping businesses thrive in parts of Lincolnshire, creating dozens of new jobs.

Up to 100 small and medium-sized enterprises in Lincoln, Boston and East Lindsey can apply for expert advice and cash grants, under the county council’s Business Growth and Finance Programme.

Designed to improve the success of local businesses, the scheme will give full support in becoming more innovative, productive and competitive, ensuring they have strong plans in place to grow.

Coun Colin Davie, executive member for economic development said: “Local companies are vital to our future prosperity and standard of living. The comprehensive support package we’re offering will help improve firms’ performance, boosting economic growth and creating jobs. It can help with anything from streamlining processes, making the most of technology and developing products, to entering new markets, bidding for funding and putting innovation at the heart of business operations.”

The guidance will be tailored to individual needs, with businesses able to choose from strategic, financial or creative support.

The strategy route will see experts help businesses plan for the future and improve every aspect of the way they operate.

If financial support is chosen, money specialists will help ensure finances are in order and that the company is financially ready for growth, as well as advise on how to apply for extra funding.

Or if it is creative support that is best, businesses will be offered advice on all aspects of intellectual property creation, including developing new products and services that could open up opportunities in different markets.

Finally, to put the advice into action, all participating firms will be able to apply for a grant of between £200 and £2,500. The amount given would be matched by the business itself.

The Business Growth and Finance Programme is part-funded by the European Regional Development Fund, which contributed £874,230.

It aims to develop ‘sustainable economic and enterprise activity in disadvantaged communities’ and create more than 30 new jobs.

The project will run from March 2014 until 30 September 2015.

Businesses can apply by contacting info@greenborough.com or 01522 837269.