More than £800,000 is being made available in capital grants to local businesses through the new “NEL Reshape Grant” to help North East Lincolnshire-based businesses to grow, expand, or diversify their work.
The grant scheme, which links with phase 2 of the NEL Recovery Plan ‘Restore-Reshape-Replenish, to create the conditions to grow, offers eligible businesses 50% of project costs, up a maximum of £25,000.
Grants will be available to SMEs from any sector who are registered and trading in North East Lincolnshire who can demonstrate that investment in capital expenditure will assist in the growth or diversification of their business. Applicants that can demonstrate additional value, for example the creation of jobs, empty or poor-quality property brought back into use or improved, or wider community benefits will be prioritised. The funding stream also has an element which mirrors the recent Digital Boost Grant, capped at £5,000, for businesses who missed out.
While project which have already started cannot be supported, expenditure will have to have been made and the grant claimed no later than 28th February 2022.
For full details, eligibility and application form go to https://www.nelincs.gov.uk/business-and-investment/nel-reshape-grant/