Businesses across Bolsover District can now tap into a fund to help them grow and create jobs.
The Business Growth Fund (BGF), which we have made available will provide grants between £1,000 and £10,000 towards project costs.
The BGF can provide grants, of up to 90% of eligible costs based upon the businesses ability to achieve economic growth and/or jobs growth within the District.
Council Leader, Councillor Ann Syrett said, “We need to do all we can to support businesses and encourage job creation, so this fund is the latest in a long line of initiatives we are running to help local businesses succeed”.
“Local independent businesses contribute greatly to our economy and their viability is of high importance. That’s why we have committed to supporting them and I would encourage businesses who can demonstrate growth potential to contact us to see if they are eligible”.
The funding can be used for a variety of projects, which need to be completed by December 2018, including:
- Extending and improving premises;
- Apprentice costs directly related to business development/diversification;
- Marketing and website development to boost trade;
- Business growth expenditure (equipment, machinery);
- Business start-up costs.
John McMahon, Director of John McMahon School of Woodworking said, “The business advice and financial help we received from Bolsover District Council helped us grow to around 80 students on our books; nearly everyone who attends the beginner course gets addicted and keeps coming back.”
Applications for the funding are open and we would encourage businesses to speak to their Economic Growth team first before submitting an application form.
For further information telephone 01246 242512.