Manufacturing, engineering and logistics businesses in and around Scunthorpe are set to benefit from a wider package of business support and funding worth over £300,000, thanks to a new University of Lincoln growth accelerator programme.
The Productivity HUBs programme is aimed at micro, small and medium-sized businesses that are looking to grow in Scunthorpe, Grimsby and Boston.
The scheme, part of a wider Productivity Programme aimed at SMEs across Greater Lincolnshire, will run until June 2023 and has two options: an Accelerator programme aimed at advanced engineering and manufacturing businesses in Scunthorpe and 12 hours free business support for any SME in and around the three towns.
Successful participants in the Accelerator programme will receive support and advice from some the county’s best known business leaders and experts who will deliver workshops on everything from strategy to business planning and marketing.
The first eight-week, part-time programme will start in June at the North Lincolnshire University Campus in Scunthorpe, with a further nine programmes planned from September 2021 onwards.
Businesses taking part in the programme will have access to the University of Lincoln’s research, innovations and network of contacts. They will also be able to apply for a seed fund grant of up to £10,000 to help grow the business.
Rebecca Webster, the programme lead, said: “Part of the University’s remit is to drive productivity and growth in Greater Lincolnshire, and we believe that there are real growth opportunities in these three towns, in particular in the logistics and manufacturing sectors.
“The Business Accelerator programme is there to support ambitious entrepreneurs in these sectors that are looking to accelerate the growth of their businesses.
“Our Business Development programme on the other hand is designed to help any SME in any sector in Scunthorpe, including start-ups, that are looking to grow and to increase productivity and profitability.”