Bolsover District Council has been awarded funding from the UK Shared Prosperity Fund (UKSPF), a central pillar of the Government’s Levelling-Up agenda. This article aims to shed some light on the situation and clearly explain the two types of businesses that can apply for the grants available.
The Council have allocated a proportion of the money to deliver two new grant schemes which aim to support new and existing businesses within the district. Existing businesses can access grant funding to support innovative product and service development resulting in job creation and retention.
If you’re anything like me, being in start-up mode as a business owner can be hard and overwhelming with so many things to think about. Financing being one of them. This opportunity from Bolsover District Council can be used for a couple of different businesses.
Let’s start with the Business Growth Grant Scheme.
This can be used for funding to access specialist consultancy and/or training, a grant to help to adopt digital solutions, carbon reduction solutions and product development. In addition, there is an opportunity for the grant to contribute towards the purchase of capital equipment, including plant and machinery. Grants of up to £10,000 are available to existing businesses via the Business Growth Grant Scheme.
You’re eligible to apply for this grant if you have been trading for more than 18 months and can be used for a number of things including:
Expand/grow resulting in job creation
Increase productivity/turnover
Introduce new products to the business
Become more carbon efficient
Adopt digital solutions
Introduce new to the firm technologies and processes
Develop local supply chain relationships
Access new clients and/or new contracts
Diversify into new markets/export
Relocate to premises within the district
WHAT YOU CAN USE THE SCHEME FOR
The scheme will fund both capital and revenue expenditure and includes but
not limited to:
Equipment and machinery
Computer hardware/software
Specialist consultancy and/or training
Relocation/fit out costs of premises (not moving transport costs)
Improving/extending premises (subject to planning permission approval)
Websites where this is a critical part of the business model, for example enable international sales, or incorporate additional functions that will increase sales/improve efficiency such as shopping carts
Business Start-Up Grant Scheme
The Business Start-Up Grant Scheme offers a grant of up to £500 and is available to pre-start and new businesses who have been trading for less than 18 months. Businesses in any sector are eligible, providing they are located and trading, if already set up within the district of Bolsover.
What you can use the grant for:
Equipment, tools and machinery
Fixtures and fittings
Website – only where this can be demonstrated to be a critical part of the business model for example shopping carts
Marketing materials – for example business cards, flyers and brochures (this can include design costs)
Computer hardware/software
Exhibition stands and stalls and associated costs (excluding
travel)
Activities that support new ways of working
Specialised and accredited training required to develop the
business
As a small business, this is good opportunity to snap up especially if you've been in business for more than 18 months. I suggest finding out more information here
If you're interested in gaining access to the grant to use for our services then feel free to reach out and we can point you in the right direction to get you started.
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