Local Business Growth Grant
**Due to high demand, this grant is currently closed to new enquiries and no further Expressions of Interest can be accepted at this time.**
E Factor has secured £75,000 of UKSPF* funding from North East Lincolnshire Council to support small and medium sized local businesses to access funding to grow services and increase productivity, growth, innovation and sustainability.
Revenue grants of up to 75% of the total project costs to be awarded (the minimum grant award is £1,000 and maximum £5,000).
(Note: This grant is for revenue projects only and will not support the purchase of equipment or machinery)
The Local Business Growth Grant will support a range of revenue project activity. Here are some examples but not exclusive to:
- Market research to expand services and/or diversify products.
- Testing and prototyping to ensure market readiness.
- Developing or enhancing e-commerce platforms.
- Implementing digital marketing strategies.
- Marketing and branding.
- Adopting new technologies, investing in software and implementing new systems.
- Training and development.
- Process improvement to improve operational efficiency.
- Implementing changes to meet regulatory and compliance standards.
To be eligible, your business must:
- Be a Small to medium sized enterprise located and trading in NE Lincolnshire.
- Employ less than 250 employees.
- Have a turnover less than 44 million a year.
If invited to submit a full application, you will also need to:
- Attach two quotes for different suppliers.
- Provide the latest audited accounts or management accounts.
- Submit a copy of business bank statement (applicants must have a business bank account).
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