About the business recovery project fund
The Hinckley & Bosworth Borough Council business recovery project fund will provide support for small and micro businesses borough wide including tourism and hospitality, creative industries and independent retail businesses as priority, to enable them to overcome the impacts they may have faced or are still facing, due to COVID-19, by implementing a recovery project.
The fund is aimed at independent businesses (including retail), tourism and hospitality businesses, creative industry as a priority and applications must be for capital expenditure only. This list of businesses is not exclusive and we would welcome applications from other sectors that can demonstrate severe hardship due to the pandemic and have appropriate recovery projects to implement.
The funding will aim to ensure business recovery and increased sustainability enabling businesses to diversify through mitigation measures. Grants are available between £1,000 and £15,000. The scheme will provide 50% grant support with the applicant providing the other 50% as match funding.
Suitable projects might include new equipment or machinery, building a new website, investing in new products and e-commerce such as contactless payment technology or permanent fixtures and fittings to support social distancing such as an awning for a café or restaurant to support alfresco dining.
This grant scheme is funded through the government’s additional restrictions grant. The council’s initial allocation of £300,000 is for the period to the end of March 2022 or until funds run out.
The Economic Regeneration Team at the Council manages the scheme.
Prior to completing the application form, all applicants should read the Hinckley & Bosworth Borough Council business recovery fund applicant guidance notes
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Last updated: 19/02/2021 08:39