South Holland District Council has launched a new funding scheme for South Holland businesses, the South Holland Recovery and Growth Fund, aimed at helping local businesses recover from the impact of COVID-19 and invest for future growth.
The fund is open to all businesses that are based within the South Holland District and offers between 60-80% contributions towards both capital and revenue-related investments.
Unlike the previous emergency COVID grants that the Council has helped distribute, which supported running costs to help keep businesses trading, this fund is focused on future development and growth, and can be used to support a wide range of investments.
Examples of things that can be funded include:
- Website development
- Staff training & development costs
- Business advice or consultancy costs
- Development of marketing materials or promotional activity
- Equipment and machinery or other assets that can help your business to grow
- Cost of renovating your shop front within planning and conservation area rules
- Innovations to help your business to adapt and change after COVID-19
- Development of a new product or service to help your business to diversify.
The Council has created the scheme using the District’s remaining allocation of Government COVID-19 support for businesses. Available grants are between £1,000 and £25,000, with all applications individually assessed by the Council’s economic development team. Applications are open from Monday 2 August until Friday 31 December, with all grants awarded needing to be fully claimed by 31 March 2022.
Councillor Harry Drury, portfolio holder for commercialisation and growth, said: “As we move away from the challenges and difficulties the last year and a half have thrown at us, both personally and in our work, it is important that we do everything we can not only to return South Holland’s businesses to where they were before the pandemic, but also to invest, support and develop them to come back stronger than ever before.
“I am delighted that the Council are able to offer this new funding scheme, which will help local businesses of all sizes and sectors to start looking to the future and take the exciting next steps on their journey. I would encourage anyone who thinks the funding could help them to apply and take advantage of this opportunity, and ensure that this vital investment is put to use in South Holland, where it can make a real difference to our residents, workers, visitors and economy.”