About the grant
We have developed this grant to help small and medium-sized businesses with up to 250 employees to grow.
The eligibility criteria and application guidance will be available on 8 March.
The expression of interest window will open between 15 and 26 March.
Types of project can include:
- new investment in property infrastructure
- buildings and refurbishment costs
- plant, machinery and equipment
- IT and new technology
Grants of between £25,000 and £75,000 are available to provide a maximum of 25 per cent of funding. The minimum project size is therefore £100,000. Applicants must provide the other 75 per cent of project funding.
Projects must commence within three months of the award of funding.
Businesses should ideally be from one of the following priority sectors:
- health and care
- ports and logistics
- visitor economy
- low carbon
Projects should aim to:
- increase productivity
- create new wealth and jobs
- seek to meet one or more drivers:
- new to export
- create new commercial opportunities and additional sustainable employment in Lincolnshire
One application per business is allowed.
Businesses that make an overall profit once fund income is included are subject to tax.
If your project is ineligible for this scheme you may be able to access an alternative Lincolnshire County Council grant.
For the latest business support information, as a result of Covid-19, visit GOV.uk