Funding

In North East Lincolnshire, there are a number of grants available to support inward investment and local businesses which can be accessed through the local authority.

You may need external funds or investment to support your growth or relocation to our area.

This page provides advice on current funding streams and advice services available in North East Lincolnshire

The Investment Hub is a unique service for Businesses situated in North East Lincolnshire or those looking to relocate to the area who are seeking growth and development opportunities.

If you are experiencing or planning for growth in your business and are in the North East Lincolnshire area, then we can help you by directing you to suitable sources of finance.

We are a group of professional business referrers who know their way around grant funding, finance options, lending products and financial services and can look at ways of helping you in your preparation.

The Hub team are able to put you in contact with suitable commercial lenders including banks, finance companies, gap funders and peer to peer lenders to help your business move forward. We can help you understand which publicly-backed financial services are available and help you to discover finance options that you may not be aware of and have not even considered.

With more than 100 years experience in the sector between us, we offer a free, impartial service that you can trust.

The Investment Hub is open to enquiries from businesses of all sectors, however large or small, and also to advisors or intermediaries acting on behalf of their client. We also welcome contact from investors who can offer financial support to businesses in our area.

If you think that we might be able to help you, please complete and submit the business enquiry form below and we will follow up to arrange a meeting. Alternatively, you can contact us by emailing your enquiry to info@investmenthubnel.org.uk [we will aim to respond to all enquiries within three working days]

This is a non-profit making and free service, supported by North East Lincolnshire Council to any business looking to expand or indeed base themselves in the authority area. There is no obligation and absolutely no fee.

Hub Business referrers:

Anthony Winn ACIB, Hub Director, 07432 231687

Sarah Brattan, Team Leader, 07946 600711

Ian Girdley ACIB, Business Referrer, 07701 056374

Hub support: Becky Darnell, 07921 562500

Contact the Investment Hub

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Business information

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We respond to enquiries within 3 working days.

Data Privacy Statement: Investment Hub NEL, has been set up by North East Lincolnshire Council for the purpose of signposting new and existing businesses of all sectors and sizes to sources of finance or advice in order to aid their growth and development. We at Investment Hub NEL respect your right to privacy and comply with our obligations under the Data Protection Act in the processing of your personal information. The information we collect from you will not be shared with any other individual or organisation without your consent, except were this is required by the Data Protection Act for example in the prevention or detection of crime. If you require any further information about how we are using your information or wish us to stop processing your information please contact us at info@investmenthubnel.org.uk.

North East Lincolnshire Council is registered with the Information Commissioners Office (Registration number Z5951373) for further information please contact us at transparency@nelincs.gov.uk or visit https://www.nelincs.gov.uk/council-information-partnerships/information-governance/data-protection/.

The Humber Local Enterprise Partnership’s ‘Growing the Humber’ Local Growth Fund (LGF) Programme is a £8m scheme to help grow businesses in the Humber area, including North East Lincolnshire.

Launched in April 2015, having secured funding through the Government’s Growth Deal, the Programme is designed to unlock projects that have the potential for job creation and growth.

Key criteria:

Funding is available to existing SME businesses across the Humber area (North Lincolnshire, East Riding of Yorkshire, Hull and North East Lincolnshire)

  • The minimum level of grant available is £5,000
  • The maximum level of grant available is £200,000

For eligibility and details of how to apply, visit www.humberlep.org/business/funding/growing-the-humber/

Businesses who would like support with their LGF application can contact e-Factor by telephoning (01472) 252780 or visiting their website, www.e-factor.co.uk.

The Humber Local Enterprise Partnership’s Business Loan Fund provides loans to businesses to help get stalled development projects off the ground.

It is designed to unlock capital projects that have the potential for job creation and can quickly deliver tangible economic outcomes through providing additional capital investment.

The aim of the loan fund is to support development projects which have a significant economic impact and support sustainable job creation.

The fund will be allocated by the Humber LEP’s Investment Board which comprises private sector business leaders.

To find out more, visit the Humber LEP’s business loan fund website – http://www.humberlep.org/business-support/business-loan-fund

The PSMDB project funds new ideas that impact on people’s health and well-being. Our programme seeks to establish innovative and financially sustainable services that will enable people in need to avoid hospital admissions, stay in their own homes longer and ensure that people can lead as normal a life as possible during an illness or as a result of incapacity. To find out more about the fund visit https://www.certfoundation.co.uk/our-funding call Neil King on 01652 240554 neil@cert-ltd.co.uk

We can help your business save money and energy!

Smart Energy Greater Lincolnshire is a £9.2 million project that aims to provide free energy and low carbon services to small to medium businesses (SME’s) and Public buildings in the Greater Lincolnshire area. The programme is being delivered by North East Lincolnshire Council on behalf of Greater Lincolnshire Local Enterprise Partnership (LEP).

A total of £5.4 million of the project has come from the European Regional Development Fund (ERDF), to boost renewable energy use in the area and lower carbon emissions.

SME Funding

If you are a small to medium enterprise located in the Greater Lincolnshire area with less than 250 employees and a turnover of less than 50 million euros; you could be eligible. We offer two different types of funding:

Workshop with a free £500 gift

For small energy projects e.g. replacement of lights, we can offer a £500 gift to help cover the cost. For this funding you must have received 12 hours business support from the programme.

 A grant to cover 38% of an energy saving project

For larger projects we can help you cover the total cost with a grant of up to 38%. Examples are upgrading to LED lighting, or new boilers/heating systems.

As part of our service our expert partners, The University of Applied Sciences Trier’s Institut fur angewandtes Stroffstrom management (IfaS), who specialize in energy resource and efficiency; will come to visit your site to provide you with a free energy report with recommendations. Once the report has been produced it is then up to you what you do next.

Public Buildings

We are working with owners of public buildings to upgrade energy efficiency in buildings, generate renewable energy and install smart energy management systems. In order to be eligible they must be located within the Greater Lincolnshire area. Examples include schools and local authority buildings.

How to find out more?

Why not head to our website to fill out an application form or to find out more information please contact the team who will be happy to arrange a visit. Please note that all applications are checked and assessed against funding eligibility criteria.

Contact: Laura Donington Marketing and Communications Manager

Email: laura.donington@nelincs.gov.uk

Tel: 07825920306