Local businesses awarded grants for growth
Eight small businesses and start-ups across Lichfield District have been awarded small grants to help them prosper.
In the first round of Lichfield District Council’s small business grants scheme, eight newly established companies, including marketing, recruitment, hearing care, virtual assistants, skincare, holistic therapy and matchmaking businesses, received a grant of between £500 and £1,500.
The businesses that have been awarded the grants are located in Lichfield City, Burntwood, Wall and Armitage with Handsacre.
The grants, which will be match-funded by each of the businesses, are set to be spent on various items, including a projector and screen, label machines, IT equipment, exhibition stands, marketing literature, professional training and more.
The second round for applications into the small business grants fund will close on Friday 22 February 2019. The third round will open following this date, and small businesses will have a further chance to apply for a grant by the deadline of Friday 31 May 2019.
A maximum of 50 percent of the cost of the total project can be applied for. Applicants will need to outline their business expansion plan, how the grant will help achieve this, and how the grant will be used to support business growth and create jobs.
Councillor Ian Pritchard, Cabinet Member for Economic Growth, Environment & Development Services, said:
“We had some great applications from a whole range of new and start-up businesses from across the district. It’s fantastic to be able to award them a small grant, which should help them to establish themselves and boost their businesses.
“We will be offering small grants to local businesses every four months over the next two financial years, and have set aside a total of £20,000 each year as part of the scheme. We look forward to receiving the applications and finding out more about plans for future growth.”
In each funding round there will be a total of £5,000 to be distributed in small grants. There will be four funding rounds in the 2019/20 financial year and four more in 2020/21, closing on the last Friday in May, August, November and February.
To be eligible, applicants must first receive 12 hours of free business support from Enterprise for Success programme, before the council can assess their grant application. To find out more about this programme, visit www.enterpriseforsuccess.co.uk.
The scheme is open to small businesses based in Lichfield District with up to ten employees that have been trading for no more than three years. It is also open to residents who are planning to open a business in the district.
To register your interest in applying for funding and to find out about the process, contact Jonathan Percival, Economic Development Officer, by emailing [email protected] or calling 01543 308149.