Cash boost for new business

News
News

A new business providing social care to vulnerable and elderly residents has received start up funding from East Lindsey District Council.

Debbie Pollard and Sarah Smalley were awarded £3,375 from the council’s Rural Development Fund to help establish Country Support which has created five jobs. The business provides support to residents living in their own homes in Sutton on Sea, Mablethorpe, Spilsby, Horncastle and surrounding villages.

Wealth planning expert Alan Curtis was awarded £1,000 to help establish a financial services micro-business at Louth’s Fairfield Enterprise Centre called True Potential Wealth Management, creating one new job.

The council’s portfolio holder for economic development Craig Leyland said: “These two cases show that with a little determination, and a relatively small cash injection, the dream of working for yourself can become a reality. The funding has helped to set up these two very different businesses.

“In the current economic climate where we have seen many large well-known stores closing their doors, as well as some smaller local businesses, I would urge anyone affected by redundancy to think about the option of starting their own business and to contact the Economy and Tourism Team to see how they can help.”

Since being established two years ago, the Rural Development Fund has supported 23 projects with more than £638,000 of funding as well as seeing six new businesses created, five festivals, 49 jobs created and numerous volunteering opportunities across the district. The funding has also acted as a catalyst to attract nearly £800,000 of additional investment into the area.

For more information on the Rural Development Fund which offers local businesses support through grants and interest-free loans visit www.e-lindsey.gov.uk/businessfunding or contact the Economy and Tourism team on 01507 613113.