Businesses in North Yorkshire have the chance to apply for £1 million in funding through a new package of capital grants.
Small and micro businesses can apply for the small business grant scheme, administered by North Yorkshire Council through thennational government’s UK Shared Prosperity Fund.
The scheme is focussed on increasing business growth, productivity and resilience. Grants of between £1,000 and £10,000 are available.
This is the second round of funding, following the first round in the last financial year which saw £750,000 awarded to businesses across the county.
Micro businesses, with less than 10 employees, and small firms with less than 50, can access free support through the business advisory teams at the council and the York and North Yorkshire Growth Hub, which provides business support.
There are more than 32,700 micro, small and medium-sized enterprises alongside 90 large businesses in the county.
Cllr Carl Les, the Conservative council leader and the chair of the shared prosperity fund board in North Yorkshire, said sole traders, start-ups, home businesses and social enterprises, as well as landlords and people looking to diversify their farm businesses and limited companies, were among those welcome to apply.
He added:
“This time we have allocated an even larger funding pot to the scheme to enable it to be bigger and better and have used learning from last year to improve the application process.
“Our ambition is to see a broad range of applications which seek to make long-lasting improvements to our small and medium businesses across the county.”
To aid businesses with their applications, the growth hub with partners at the social enterprise Enterprise Cube has organised two webinars on writing a business plan and a cash flow forecast which will take place on May 16 and 17.
Carolyn Frank, development manager at the York and North Yorkshire Federation of Small Businesses, said:
“This scheme has provided a practical way that the local authorities have been able to work together with us and other partners to unlock government funding and get it directly to businesses in our area, to help them to innovate and grow.”
The closing date for applications is Friday July 12. To find out more click here.
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