New Covid recovery grant for businesses launched

Closing date: 15th September

New funding to support businesses that continue to be impacted by the pandemic has been launched by Hull City Council.

The initiative will support struggling Hull-based businesses, helping to safeguard jobs. Hull City Council has accessed a limited amount of funding through the Government Additional Restrictions Grant scheme after successfully distributing earlier grant allocations to business.

Applications for the funding are invited from Hull businesses that employ at least three full-time staff and continue to be negatively impacted by Covid. Priority will be given to sectors that have been most severely affected by the pandemic such as hospitality, suppliers to the hospitality industry, manufacturing and business to business.

The grant can be used towards costs such as rent, rates, utilities and borrowing costs to help businesses survive.

Financial advisors will work closely with successful applicants to understand their business and their funding needs in addition to providing financial management advice. Business advice will be available for all applicants as well as support with locating additional sources of funding.

Demand is anticipated to be high for the grants and with limited funding available those applying are advised to expect a competitive process. Applications will need to demonstrate a strong justification for financial support. Funding is considered based on factors including severity of Covid impacts on the business and evidence of a clear recovery plan to ensure the grants are secured by businesses needing them most.

Application is via an online expression of interest form in the first instance. Businesses are invited to apply from today until 15th September when the funding application window closes.

Smart Energy Greater Lincolnshire

Smart Energy Greater Lincolnshire is a government funded project to help support small to medium businesses and public buildings to reduce their energy bills and usage in the Greater Lincolnshire area.

They are offering a range of support from grants, free expert advice and onsite audits to help support energy savings projects.

What you need to know:

  • All projects must be completed by 25th August.
  • 38% funding applications will continue to be considered on a case-by-case basis, whilst funding remains available*
  • Online workshops, fully funded energy audits and other 1 to 1 expert advice is available.

*Minimum project size for grant funding is £2,632, though smaller projects can apply for a £500 grant upon completion of 12 hours of Smart Energy support (usually via an energy audit and a workshop).

To apply please click here.

The Hull Business Energy Efficiency Scheme

The Hull Business Energy Efficiency Scheme has been created to help small and medium enterprises in Hull and the surrounding areas to save energy, and therefore money!

Your business could be entitled to funding towards replacing existing inefficient facilities and equipment within your business, and installation of new smart systems to help save on energy.

This could include such things as:

  • Replacement of an old boiler
  • Swapping from traditional lighting to LED lighting
  • EV chargers for cark parks
  • Solar panels

The grants available range between £1,000 and £10,000 and cover 40% contribution to overall project costs between £2,500 and £25,000.

You can apply for this grant here.

Check for funding sources

The Local Authorities and Local Enterprise Partnerships have issued details of the local and regional support available. Please do keep an eye on these to ensure you are aware of other help available. We will continue to share this and update with you when we become aware of any changes.

Lincolnshire Chamber of Commerce

North Lincolnshire Guidance

North East Lincolnshire Council

East Lindsey District Council

Humber LEP

Business Lincolnshire

West Lindsey District Council

Need advice?

If you’re feeling unsure or confused, we can guide you through the very latest COVID-19 financial support measures relevant to your circumstances.

Get in touch and we’ll find the best member of our team to handle your enquiry.

By Telephone

Coronavirus advice

To help you keep your business operating, we’ve made it easy to access the correct and most up-to-date information. Below, you’ll find information on government support for businesses and individuals and practical advice to help you to manage your business through this unusual period.