Business Revival Grant Fund to launch next week

money stock

City of Lincoln Council and West Lindsey District Council will launch a new Business Revival Grant Fund on Monday 26 April.

The grant is aimed at supporting businesses to reopen, recover and prosper.

It is the latest initiative in a programme of support to assist businesses to respond to the challenges of the Covid-19 pandemic. This support is in addition to the Restart Grants and previous Local Restrictions Support Grant.

Businesses can apply for up to £5,000 to help them to adapt, diversify and to support long-term sustainability. The types of measures that could be supported includes:

  • 1-2-1 specialist advice to address immediate needs in response to Covid-19 – e.g. digital or sector specialists
  • Purchase of equipment to adapt business processes – e.g. sanitising stations or equipment to support movement of business activities outside
  • To adopt new technology to deliver or diversify business activities – e.g. ecommerce platforms, contactless payments, hardware/software to support remote working
  • To develop or purchase new environmentally-friendly products or energy-efficient equipment that will reduce waste and promote the transition to a low carbon economy 

A total of £500,000 for each Council has been ring-fenced to support businesses through this scheme, with funding from the Additional Restrictions Grant awarded to local authorities. 

Businesses should visit their local authority website www.lincoln.gov.uk or www.west-lindsey.gov.uk for further details and for the application and assessment process from Monday 26 April.

Further information on support for businesses can be found at www.lincoln.gov.uk/support or www.west-lindsey.gov.uk/coronavirus/coronavirus-support-for-businesses/
 

Published on April 21st 2021

Lincoln Gov