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Cash for businesses - get in quick

Small and medium-sized businesses in Boston and South Holland can now apply for capital grants through a new Grants4Growth programme.

More than 30 small and medium-sized enterprises (SMEs) have shown an interest in accessing the cash, and six applications are already under way in the early stages of the two-year project.

South Holland District Council is administrating the programme, which has a funding pot of about £1.2million. Grants are available towards the cost of buying/installing efficient new processes, production facilities and clean tech/efficiency equipment in order to help a business grow.

Charlie Williams is the council's new Business Broker, tasked with identifying and supporting companies who could benefit.

He said: "It's effectively free cash going to your bottom line, which is obviously the best form of business support.

"We're saying to SMEs, if you have a project to make yourself more efficient ready to go or in the pipeline, get in touch and we'll try and support you to take that forward.

"As long as they haven't got to the point of placing an order, the scheme may be able to help fund it.

"Businesses should be seeing this as an opportunity to bring forward a bit of investment in themselves."

The programme aims to give grants to 135 businesses over the next two years.

Charlie added: "Businesses' competition in other parts of Greater Anglia may have already applied for a capital grant, so it's vital that SMEs in the South Holland and Boston area take advantage of this too.

"We're hoping to turn applications around pretty quickly. The grants panel sits every week and the process could be as short as two weeks from point of application."  

Full details of the scheme, including case studies, can be found on the website Grants4Growth

Charlie can be contacted in the district council's Economic Development Team on 01775 764412 or via email at cwilliams@sholland.gov.uk