We have launched two grant schemes aimed at supporting existing businesses whilst also giving new businesses that all-important helping hand as they start.
The Business Growth Grant Scheme provides funds from £1,000 to £10,000 and is aimed at existing businesses (trading for more than 18-months) to help them grow, create jobs, become more carbon efficient or diversify into new markets.
The funding could be used for new equipment and machinery, computer hardware/software or specialist consultancy/training. Up to 80% of the total project cost can be applied for (up to a maximum of £10,000) and businesses must be located in Bolsover District and have up to 249 employees. Businesses will also need to be paying business rates to us or be receiving small business rates relief. Once an application has been approved the business will be required to purchase eligible items and then submit a claim to receive their grant.
The Business Start-Up Grant Scheme offers grants up to £500 and is available to pre-start and new businesses located in Bolsover District who have been trading for less than 18-months.
Up to 100% of the project cost can be applied for which could include equipment, tools and machinery, fixtures and fittings and marketing materials. Items purchased before an application is approved will not be eligible for grant payment.
Councillor Steve Fritchley said, “This is the second business grant scheme we have launched in a matter of weeks and re-iterates our pledge to help our local businesses and boost the economy as much as we can.
“This is a great opportunity for our growing local businesses to get a cash-injection and help them diversify into new products, expand their customer base and grow their workforce.
“Our team of economic development experts are on hand and ready to help throughout the grant process and I would urge businesses to contact us so we can provide you with as much help and assistance as possible.”
This project is funded by the UK government through the UK Shared Prosperity Fund.
Notes to Editors: The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit GOV.UK.