North Lanarkshire Council’s new business grant schemes open for applications

A total of £800,000 is available to help businesses to start up and grow over the next year.

North Lanarkshire Council’s new business grant schemes are now open for applications.

A total of £800,000 is available to help businesses to start up and grow over the next year.

The Business Start Up Fund can provide funding of up to £3,000 to businesses about to start or those that have been operating for less than 12 months.

The Business Growth Fund offers funding of up to £20,000 towards capital expenditure and/or infrastructure costs. Up to £5,000 is available for workforce or skills development and up to £4000 funding is available towards the cost of attendance at trade shows or exhibitions.

The Growth Fund grant is open to businesses based in North Lanarkshire operating in the following key sectors: advancing manufacturing, construction, creative industries, food and drink (manufacturing and processing), health and social care, life sciences, renewable energy, social enterprise, tourism, and transport and logistics.

Projects that help boost productivity, improve operating efficiencies, enhance trading capabilities and help local businesses to digitise and embrace net zero ambitions are encouraged.

The Town Centre Retail Fund seeks to reduce vacant space in town centres and encourage business startup and growth with up to £20,000 available per premise. The property must be on the ground floor and have been empty for at least three months.

Councillor Alex McVey, Convener of the Enterprise and Fair Work Committee, said: “Businesses are vital to growing the local economy.

“We know from our previous grant funding schemes how beneficial they are to help local businesses to innovate, invest and grow, and in turn employ more people.

“We encourage businesses looking to expand, or people looking to start a business, to get in touch to discuss how this funding could help.”

Last year’s programmes saw 79 businesses awarded funding to start up or grow through the UK Shared Prosperity Fund, Pride in Place Impact Fund and from North Lanarkshire Council.

Restrictions apply to businesses that have received grant funding from North Lanarkshire Council in the last 24 months.

To discuss your project and potential funding, please contact Business Gateway Lanarkshire on 01698 520775 or lanarkshire@bgateway.com.

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