Business growth fund relaunched

Credit: Linda Bestwick

Bolsover District Council has re-launched its Business Growth Fund to help support business growth and create jobs across the area.

£200,000 has been allocated and will be split into two schemes that can provide firms with grants of up to £500 (start-up) and £10,000 (business growth) towards project costs.

The investment will help businesses across Bolsover District and has been specifically designed to support them with grants to help grow their business and create local jobs.

Cabinet Member for Economic Development Councillor Liz Smyth said: “The majority of our district is made up of small and medium sized businesses, so they are the lifeblood of our economy.

“We have a great entrepreneurial spirit in the area. People and businesses coming up with great ideas, new innovation and a willingness to succeed, so it’s important that we support them as much as possible.

“That’s why we have re-launched the Business Growth Fund to allow us to support more businesses so that they can invest, grow and create the good quality well-paid jobs the people of Bolsover District deserve.”

The funding can be used for a variety of projects that support businesses to:

  • Expand/grow
  • Diversify into new markets / Exporting
  • Relocate to premises within the District
  • Attract new investment
  • Become more carbon efficient
  • Improve productivity
  • Develop the local supply chain