Cabinet Call; This week by South Holland District Councillor Gary Taylor, portfolio holder for business development
In my role as portfolio holder for business development I aim to help and support firms across the South Holland district.
I realise that companies operate in a highly competitive and ever-changing environment and that the last few years may well have been very difficult for many of them.
As a council we strive to do all we can to help them grow and develop their enterprises.
In our drive to support local businesses we launched the Grants4Growth scheme back in October last year to offer funding to firms across the county.
The initiative has already had a number of success stories – we have helped over 30 businesses in Lincolnshire by offering a share of £1 million in grant funding, with over £450,000 awarded so far.
In total 145 firms have enrolled with the programme, 42 grants have been offered and ten new jobs created.
This is a fantastic start but there is still much to do and we aim to continue our hard work to get even more businesses involved.
The feedback we have had suggests that businesses find the application process straightforward and user-friendly, which is highly important in an environment where time is often limited.
There is still £500,000 in grant funding available and we will be encouraging Lincolnshire companies to apply for their share of this.
One company that has really benefitted from Grants 4Growth funding is Fusion Aluminium Welding based in Cowbit.
A grant of £1,250 was awarded towards the purchase of four manually operated, second-hand pieces of equipment.
This in turn opens up more opportunities for the company to procure new customers and saves money on utility bills because the chosen pieces of machinery are all manually-operated and don’t use any electricity.
In addition to safeguarding two jobs and eliminating running costs for machinery, Fusion is projected to see £1,500 in cost savings per year.
It is success stories like this that give me and the team behind Grants4Growth a lot of satisfaction and I am certain that there will be many more still to come.
For more information about Grants4Growth and to check eligibility, visit www.grants4growth.org.uk, email firstname.lastname@example.org or call 01775 764412.