Huntingdonshire District Council has launched a brand-new business grants scheme aimed at growth for local businesses.
The new scheme offers business growth grants of up to £50,000 for local businesses operating in and from Huntingdonshire who have ambitious plans to scale and grow.
The Growth Grant scheme totals £1 million and is funded from the District Council’s receipt of Additional Restrictions Grant (ARG) Funding.
Executive Leader of the council, Councillor Ryan Fuller, said: "The District Council’s successful dissemination of ARG funding during the spring and summer resulted in the additional government funding that the council can use to provide further support for businesses. We are firmly committed to the continuing achievements of our business sector and its thriving economy."
Local businesses can apply for a business growth grant from Monday 29 November 2021, with the application process open to sole traders, micro and SMEs from any industry sector, including businesses who were impacted by the delayed move to Step 4 of the COVID-19 response Spring Roadmap. The scheme will run until March 2022 and will only remain open until the growth grant pot of £1 million has been exhausted. This scheme is only available to businesses that are operating in Huntingdonshire.
To date, we have paid out over £54 million worth of grants through over 11,500 payments to businesses across all government grant schemes, the most recent being a total of £958,000 top-up payments made to 466 local businesses.
Full information on this new business grants scheme and the application form can be found on our Growth Grant page.