Grant scheme aims to boost investment in the latest technology
Humber region businesses are being warned not to miss out on their share of a grant pot designed to supercharge digital growth and help them become more sustainable.
The closing date for applications is 5pm on 22 February 2023.
The cash is from the first round of the Government’s UK Shared Prosperity Fund, with grants of up to £5,000 available for companies to invest in new technologies or cut their carbon footprint.
The Sustainability Business Grant can be used to invest in energy production infrastructure such as solar panels or biomass boilers and building improvements including insulation and heat pumps.
It can also be used to buy energy efficient products including LED lighting and low energy equipment such as fridges and dishwashers.
The Digital and Marketing Grant is aimed at companies looking to invest in new technology.
This can be everything from cutting-edge hardware and software, upgrading internet connections, buying e-commerce equipment, and paying for marketing campaigns or consultancy costs.
Businesses of all sizes are eligible to apply for the grants, with the minimum award being £500.
North Lincolnshire Council leader Rob Waltham said: “This Government cash will enable many business leaders across North Lincolnshire to future-proof their companies by investing in the technology they need to create and secure jobs.
“Digitalisation is critical – adapting to and harnessing new technologies enables businesses to grow and expand at pace.
“And, of course, we are all working towards a greener, cleaner future so we’ve created another cash pot that businesses can tap into to make the transition that little bit easier.
“Simple things for some small businesses can make a big difference, just replacing light bulbs with LEDs or buying the newest appliances can slash energy bills and reduce carbon emissions.”
The UK Shared Prosperity Fund is part of the Government’s Levelling Up agenda and aims to provide £2.6bn worth of funding for investment across the UK by March 2025. The fund aims to boost productivity and tackle inequality.
