Before applying for finance it can sometimes be easier to know exactly which finance is right for your business.
There are various ways to finance your business:
- Investment finance
- Invoice financing
- Leasing and asset finance
Work out what type of finance is best for your business using this easy calculator, taking into account your business' size, turnover, shares and the amount of funding you need. Find out Which Finance is right for your Business.
You can also find more information on the Business finance explained pages of GOV.UK.
Regional Growth Fund
North Lincolnshire Council working on behalf of the Tata Steel Taskforce has for the last three years been administering the Regional Growth Fund for North Lincolnshire.
The scheme provided grant funding to businesses located within North Lincolnshire and businesses relocating to the area.
The Regional Growth Fund scheme proved to be an unrivalled success with 68 businesses obtaining grant funding ranging from £1,000 to £2 million.
To date the businesses benefiting from grants have produced over 500 jobs and are projected to create over 970 jobs within the next two years. In addition a total private sector investment of £35 million has been provided and this has the potential to increase.
The scheme closed on the 31 March 2015
The Regional Growth Fund for North Lincolnshire may have finished but businesses in North Lincolnshire can still access grant funding through the Growing the Humber scheme where a sum of £4 million has been released to cover the next two years.
More information on the Growing the Humber scheme can be found on the funding pages of the Humber Local Enterprise Partnership website.
You can find full information on funding schemes available to you and your business on our official dedicated Business support and Investment website Invest in North Lincolnshire