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North Lincs Council Covid-19 Recovery Support Scheme
NLC has set up three new Schemes to boost businesses and self-employed start-ups. Find out more here.
For the Business Start-Up Fund and Business Diversification Fund, you can set up a meeting with an NLC Business Advisor here.
Business Start-Up Fund
This is a limited fund of grants for those who are planning to become self-employed or are starting a small business.
You will get:
- A Grant up to a maximum of £1000 is available for equipment and capital expenditure
- 12 hours of one-to-one support and webinars from the Local Enterprise Partnership
More guidance available here. You will be required to submit a business plan when you apply- speak to an NLC Business Advisor for more info.
Business Diversification Fund
The BDF is a fund for existing businesses in the Visitor Economy. The aim of this fund is to generate sustainable job growth in this sector, with employment created lasting a minimum of two years.
You will get:
- A grant of up to £7,000 per new job created and £6,000 per new job safeguarded, for an investment project(s) that directly creates new employment.
- Professional Advice to develop Growth and Diversification Plans.
- A maximum of £1 for every £4 that the business invests in the project (1:4 investment ratio)
More guidance available here. Again, you can book a meeting with the NLC Business Advisor here. You can submit an expression of interest here.
COVID-19 Renew Scheme
This Scheme is for existing businesses disadvantaged through job losses in the pandemic, with employment created lasting a minimum of two years.
You will get:
- A grant of up to £7,000 per new job created and £6,000 per new job safeguarded, for an investment project(s) that directly creates new employment.
- Professional Advice to develop Growth and Diversification Plans.
- A maximum of £1 for every £4 that the business invests in the project (1:4 investment ratio)
- More guidance available here
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