Entrepreneurs and businesses owners are encouraged to turn their ambitions into reality by enjoying a 160,000 European-funded small grants scheme.

Lincoln BIG has urged people running micro, small , medium-sized businesses for taking a close think about the Collaboration 4Growth scheme, regardless of what grants which can be between 1,000 and 5,000, in addition to advice and support

Lincoln BIG is leading about the European Regional Development Fund-backed project, together with Lincolnshire Chamber of Commerce and Business Lincolnshire. Together they’re keen to use the newest funding to help you drive up the fortunes based in the Capital of scotland – Lincoln, West Lindsey and North Kesteven.

Charli Whittaker, Lincoln BIG Project Manager, said: “We are happy to have the capacity to offer this funding opportunity. It allows successful applicants to learn from 12 hours of free business advice and make use of grant money for either revenue or capital projects.

“These grants provide 60 percent with the total price of individual project C when using the match-funding furnished by this business.”

Businesses contain the scope you’re additional aide to afford equipment, such as tools, machinery or accounting systems. Grants are often used to finance consultancy services, including the drawing-up of an marketing plan, a profitable business growth plan as well as to fund IT projects.

However, one can find restrictions C grants can not be useful to cover vehicles, salaries, travel along with a business’ essential running costs.

As administrators in this fund along with recognition of that time period constraints faced by so many small companies, Lincoln BIG as well as its partners have devised a straightforward route directly into checking whether a business’ project or idea qualifies for support.

“Initially, we ask a candidate to complete an “expression intriguing. This enables our staff to execute a detailed make sure if their project meets the eligibility criteria. If it does, we you can keep them complete a full application, and provides three quotations within the proposed expenditure,” Mr Whittaker added/

Applications are assessed, before being considered through the Grants Panel.

Any business serious about the Collaboration 4Growth grant can complete an expression intriguing form here.

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