Business Grants

PAGE LAST UPDATED: September 7th  2021

GRANT SUPPORT

We supported Government by distributing the package of financial support to South Kesteven businesses that were impacted by the National Lockdown(s) and Tier restrictions.

 

These programmes were administered locally by InvestSK on behalf of South Kesteven District Council and this page will be updated with the latest information.

September 2021

New Business Grants & Diversification, Resilience & Recovery Grants

South Kesteven District Council and InvestSK are pleased to be able to bring forward the New Business Grant, and the Diversification Resilience & Recovery Grants which are open to businesses based within the South Kesteven District.

The Grants open from September 6th and offer up to 50% support for eligible applications for capital and revenue related investment initiatives.  These grants are very much focused on activities which help future development, growth and jobs and can be utilised to support a wide range of initiatives and investment. Some hours of mentoring or further support is also included within the grants.

Some examples of activity that can be funded include:

  • Equipment and machinery or other assets that can help your business to diversify & grow
  • Website & online sales development
  • Business advice or consultancy costs
  • 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 discretionary allocation of Government COVID-19 support for businesses. Available grants are between £1,000 and £12,500 and all applications individually assessed by the InvestSK business team who will also have the option of providing further business support. Applications are open from Monday 6th September until Friday 28th January (or until fund is fully allocated).  All grants awarded needing to be fully claimed by 31 March 2022.

All applications will be assessed on their own merits and grants awarded on a competitive basis, so funds may be exhausted before the 28th January closing date.

The intention is to support all types of businesses with viable projects and not all businesses will be successful – for example we can’t support businesses that are insolvent or classified as an entity in difficulty, or those that have already exceeded the limits on public funded support or those based outside district.

Businesses will need to be able to contribute towards their planned investment and we would expect the business and its initiative to be viable and contribute to development & growth. The business may need to fund the cost of the investment up front, as grants may be claimed retrospectively.

Click Link for New Business Grant Guidance >> ARG Discretionary – New Business Grant 2021 06.09

Click Link for Diversification, Resilience & Recovery  Grant Guidance >>  ARG Discretionary – Business Diversification, Recovery & Resilience Grant 2021 06.09

 

To Apply for a Grant please send an email Expression of Interest to business@investsk.co.uk

 

All  grants awarded must be fully claimed by March 31 2022 or the funding will be withdrawn.

Restart Grant

The Restart Grant is now closed for new applications.

As of 23:59 on 30 June 2021 the Restart Grant closed for new applications and final payments are due to be made by 31 July 2021.

With regards to the extended 4 week period of restrictions, the Government have not issued Local Authorities with any additional funding to cover this period.

We are working on additional grants utilising our current discretionary Additional Restrictions Grant (ARG) fund allocation and will look to announce future schemes in due course and will update businesses through this website and our newsletter ( please see below to subscribe)

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If you don’t meet the criteria for one of the schemes above, please subscribe to our newsletter so we can keep you informed of any future programmes that might become available.

COVID IMPACT STATEMENT

If your business hasn’t been instructed to close by Government but you’ve been severely impacted by the Covid-19 pandemic, please complete this form to tell us more about your situation.

 

Please note, this isn’t an application for funding but we may be able to use the information you provide to help you (and others in a similar position) in the future through new discretionary grant schemes.

 

Where possible, please include evidence or examples to support your statement and the impact on your trade (% loss):

HERE TO HELP

 

We appreciate there’s a lot of information to digest, and you might want some clarity over your individual situation. In which case, please get in touch with InvestSK – we’re here to help you.

 

As well as offering support for this specific funding programme, InvestSK also provides a central point of contact for all local businesses. We have a dedicated section on our website to collate the latest Government information, advice and funding to support businesses during the coronavirus pandemic, click here to visit.

 

If you can’t find what you’re looking for, please get in touch:
Email: business@investsk.co.uk