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Employers receive £4.1 million boost to create new jobs

Published: Tuesday, 04 October 2016   Category: All Graduate Jobs News

A £4.1 million investment programme is set to create jobs across Greater Lincolnshire, as small and medium-sized companies are given thousands of pounds each.

The Sustainable Business Growth Programme will see the grant money divided up in chunks of £10,000 and given to a range of small and medium-sized companies who are creating jobs via growth projects.

There will also be help and support from growth advisors tailored to each business, in order to ensure each development is successful.

The aim of the programme is to support the development of key sectors within agri-food and manufacturing.

As it stands, more than £2.4 million of funding has been agreed by the European Structural and Investment Fund for the programme.

Each business that applies for investment must be eligible for EU funding and can expect to receive grants of up to £3,000 to help fund 50% of project costs or up to £10,000 to help finance 30% of project costs.

The University of Lincoln will provide support through the Growing Graduate Enterprise programme, which provides funding for recent graduates those who wish to start their own business.

Vicky Addison, Head of Business Incubation and growth at the University of Lincoln, said: “The Growing Graduate Enterprise programme represents a continuation of similar successful initiatives that we have run in the past, and it will make valuable business start-up opportunities available to even more graduates across Greater Lincolnshire.”

The programme will give graduates with exciting new business ideas the opportunity and means to explore the idea of running their own enterprise.

The different elements of the £4.1 million Sustainable Business Growth Programme will be delivered under the Business Lincolnshire Growth Hub banner. 

For graduate schemes across a range of locations, visit Grad Plus today

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