Recovery and Growth Fund
There is now a cut-off deadline date by which any outstanding Recovery & Growth Fund Applications must be submitted.
Having closed the fund to all new applicants, we are setting 9am on Monday 20 September as the final deadline for any outstanding applications or supporting evidence to be submitted.
All applications received before 9am on Monday 20 September will be held on the reserve list and, depending on the availability of funding, will be assessed before the end of September. We will not be able to consider anything received in our inbox after this cut-off.
In response to the COVID-19 pandemic, South Holland District Council has created the South Holland Recovery and Growth Fund, providing both capital and revenue grants to businesses based within the District.
The fund, which launches from today (Monday 2 August), 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.
All applications will be assessed on their own merits and grants awarded on a competitive basis, so funds may expire before the 31 December closing date.
We aim to support all types of businesses but there are of course some eligibility criteria and not all businesses will be successful - for example we can't support businesses that are insolvent or classified as an, those that have already exceeded the limits on public funded support or those based outside district.
Business will need to be able to contribute towards their planned investment and we will need to see that businesses can fund the total cost of the investment up front, as grants will be claimed retrospectively.
Importantly, any grants awarded must be fully claimed by March 31 2022 or the funding will be withdrawn.
To check if you're eligible to apply for support, please read the Guidance for Companies Applying for Grants which will tell you everything you need to know.
Completed forms should be emailed to email@example.com or printed off and returned by post to:
Recovery and Growth Grant team, Economic Development, South Holland District Council, Priory Road, Spalding, Lincolnshire, PE11 2XE.