UK Steel Enterprise has announced the launch of a new fund that will help boost dozens of start-up businesses in North Lincolnshire over the next twelve months.
The Kickstart Fund initiative, launched in partnership with North Lincolnshire Council and the Growth Hub, has been introduced in a bid to support people looking to establish a business or become self-employed by helping with initial costs – especially for those with limited funds.
Grants of between £500 and £1,000 will be made available to the budding entrepreneurs, alongside guidance and advice provided by Growth Hub advisers. An initial £40,000 is being set aside for the grants.
There is also additional support to help existing companies in the region to grow, and can provide investment finance of up to £1m to facilitate expansion and create job opportunities; as well as loans on favourable terms of up to £100,000.
If you are considering starting a business and would like to talk through your plans with a Growth Hub adviser or would like more information about the UKSE Kickstart Fund please contact the council’s economic development team on 01724 297330 or email email@example.com.
If you are an established business which needs growth finance then please contact UK Steel Enterprise on 0800 915 1188.