A second round of funding to support economic growth in South Holland is on the way after district councillors backed a enterprise programme again.
Grants4Growth2, nearly £1.9 million worth of investment into the area for small and medium-sized businesses (SMEs) to become more efficient and save money, was given the go-ahead during a council meeting last Wednesday.
It follow on from the original Grants4Growth project which saw £1.1 million worth of capital grants made available for businesses to invest in new production processes, facilities and equipment to create jobs.
The money is from the European Regional Development Fund (ERDF), a branch of the European Union (EU) that supports economic development across the 28 EU member states.
Coun Nick Worth, deputy leader of South Holland District Council, said: “We’ve previously been through Grants4Growth1 and, a little while ago, we bid for Grants4Growth2 to help SMES in purchasing more efficient processes and production facilities, helping them to grow.”