Brough-based artisan baker Luke Jenneson can now bake twice as much bread thanks to Invest East Yorkshire help to access grant funding to cover the cost of equipment he needed to be able to ramp up production. This, in turn, enabled him to double his sales and take on additional employees.
He said: “I’m extremely grateful for the support and guidance of the Invest East Yorkshire team. The grant has helped to grow my business by funding additional equipment, which has allowed me to scale-up the capacity of my bakery. I was able to realise the first phase of my business growth plan much sooner than I would have done otherwise.”
Other businesses in the East Riding are being urged to take advantage of similar grant funding support currently available to help them with everything from training costs and carbon reduction to projects that will help them 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 of up to £5,000 for projects aimed at fuelling the growth of the business. 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.
“Have a chat with our friendly team of business advisers today and they 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. “
