Current status of this fund: The capital element of the Business Sustainability Grant fund is now fully subscribed (businesses can still request to be placed on a waiting list by submitting an Expression of Interest). There remains a limited revenue budget which businesses can still apply for.
Last updated: 09 February 2024
infobox | UK Shared Prosperity Fund and Rural England Prosperity Fund Business Grants
infobox | These funds are delivered as part of our UK Shared Prosperity Fund Investment Plan,
text | UK Shared Prosperity Fund and Rural England Prosperity Fund Business Grants
Introduction
The West Lindsey Business Grant Programme comprises of three main schemes, including capital and revenue grant provision to support business sustainability (under UK Shared Prosperity Fund), capital grants for non-agricultural farm diversification and capital and revenue grants for agri-tech business development (under Rural England Prosperity Fund and West Lindsey District Council local funding).
We have developed the policy for expenditure of UK Shared Prosperity Fund (UKSPF) and Rural England Prosperity Fund (REPF) funding in line with guidance from the Department for Levelling Up, Housing and Communities, the Department for the Environment, Farming and Rural Affairs, local emerging economic priorities and business support needs.
The transition to a low carbon economy and green growth are both reflected as key local priorities in the current West Lindsey Economic Recovery Plan and Sustainability, Climate Change and Environment Strategy.
In addition, all REPF funded projects should align to the objectives of REPF. This includes:
- the UK’s commitment to cut greenhouse gas emissions to net zero by 2050
- wider environmental considerations, such as resilience to natural hazards
- the 25 Year Environment Plan commitments
These funding priorities were identified following a period of stakeholder consultation. The strategic case for UKSPF and REPF investment was confirmed following a Green-Book compliant options appraisal, theory of change exercise and business case development.
The criteria and application process for this funding is based around government guidance and has been developed in consultation with partner Local Authorities across Greater Lincolnshire.
These funds are available to eligible businesses via our delivery partner, NBV Enterprise Solutions Ltd (NBV).
Grant funding will be allocated on a first come, first served basis – on receipt of an eligible Expression of Interest and NBV will provide applicants with an offer letter subject to an eligible and verified full application. Grant payments will only be made on evidence of defrayed eligible expenditure and only for work that commences following the offer letter.
Eligibility and criteria: Guidance notes for these funds
It is essential you read through these guidance notes to ensure your business and project are eligible to submit an Expression of Interest.
Full details about the criteria and eligibility for Business Sustainability (Green Growth) is available as a PDF download. [pdf / 672 KB]
Full details about the criteria and eligibility for the Rural England Prosperity Fund (Non-agricultural Farm Diversification and Agri Tech Business Development) and West Lindsey District Council Agri Tech Business Development Grant is available as a PDF download. [pdf / 1.2 MB]
How to apply to this fund
To access these funds we ask businesses to complete an Expression of Interest form(s) with NBV. These short forms allow you to tell us a bit about your business and project so we can ensure you are eligible to make a full application to the fund.
Complete an expression of interest for the Business Sustainability (Green Growth) Grant
For all our funds we have a grant application form. The application form is used to get more detailed information about your business, project details, outputs and outcomes, evidence of need,and project costs. NBV will send an application form to you after you have completed an Expression of Interest and they have confirmed your eligibility.
Closing dates for this fund
This fund is open to applications at any time from 22 May 2023 at 12:00 (Noon). The fund is due to close in December 2024 to new applications, but may close earlier if all of our funding allocation is awarded. Should you submit an eligible Expression of Interest prior to the formal withdrawal of these funds, you will be placed on a reserve list and contacted by NBV should additional funds become available.
Grant amounts available
Business Sustainability (Green Growth) Grant (capital and revenue)
The minimum grant application value is £1000. The maximum grant level is £30,000 (If the two elements of the grant scheme are combined (capital and revenue) the maximum grant level per business will be £30,000)
Applicant businesses will be required to provide match-funding at the following rates:
- Business Sustainability Grant Scheme (Capital Strand) – 10% of project costs
- Business Sustainability Grant Scheme (Revenue Strand) – 10% of project costs
Rural England Prosperity Fund (Non-Agricultural Farm Diversification and Agri Tech Business Development) Grants (capital only)
The minimum grant application value is £1000. The maximum grant level is:
- for Non-Agricultural Farm Diversification – £40,000
- for Agri Tech Business Development – £30,000
Applicant businesses will be required to provide match-funding at the following rates:
- Non-Agricultural Farm Diversification – 50% of project costs
- Agri Tech Business Development – 10% of project costs
West Lindsey District Council Agri Tech Business Development Grant (revenue only)
The minimum grant application value is £1000. The maximum grant level is £10,000.
Applicant businesses are not required to provide match-funding but are required to provide a letter of recommendation from a sectoral or professionally accredited intermediary for the proposed activity.
Contact details
If you have a query about this fund or need further advice, please contact us via email at: growth@west-lindsey.gov.uk
If you have a query relating to the administration of your EOI or full application, please contact NBV via email at: grants@nbv.co.uk
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