Grant funding support now available to businesses based in East Yorkshire

Local Businesses are being encouraged to take advantage of the grant funding support that’s currently on offer to help them with everything from training costs and carbon reduction to projects that will help them to grow and expand.

Part of East Riding of Yorkshire Council, Invest East Yorkshire’s Business Support Services team is encouraging businesses to get in touch to find out which of the available grant funding streams they may be eligible for and how to access them. All of the grants will cover up to a maximum of 50 per cent of the total project costs.

Examples include revenue grants for projects aimed at fuelling the growth of the business, up to a maximum of £5,000. This could help to pay for things like marketing and sales costs, advice from external consultants, fees for events, creating a website or buying software licences. 

Meanwhile training grants are available to provide training to employees of the business, up to a maximum of £1,500 per employee or £5,000 per business. Carbon reduction grants can cover projects aimed at reducing the carbon footprint of the business. The amount allocated is linked to the level of carbon reduction, with £1,500 on offer for every tonne of CO2 saved, making this type of grant ideal for projects such as the installation of solar panels, wind turbines, energy efficient lighting or boilers, or changes to the fabric of a building aimed at reducing emissions.

Businesses looking to invest in machinery and equipment, or carry out infrastructure projects, can benefit from capital grants. Capital grants of up to £5,000 are available for moveable assets and £10,000 for fixed assets, which could help cover the cost of plant and machinery, the purchase of computer equipment or improvements to retail premises. However, if an applicant can demonstrate that their capital project will have a wider economic impact, by creating new jobs, developing the supply chain or creating tourist accommodation, grants of up to £50,000 could be made available.

Dawn Hall, Business Support Services Manager for Invest East Yorkshire, said: “With a whole raft of different grant funding streams on offer, there’s a source of funding to suit businesses of all sizes working in a wide range of different sectors.

“A team of business advisers can help you assess your current needs and identify which grants your business could apply for, as well as guide you through the application process step-by-step. "

Businesses are encouraged to contact the team by emailing business.support@eastriding.gov.uk, telephoning 01482 391622 or visiting 

https://www.investeastyorkshire.co.uk/business-support for more information about the support on offer.