Decision details

To fund the NBV ‘Start Up, Scale Up’ project, as set out in this report, enabling support to be offered to business start-ups (through both advisory support and grant aid) in South Holland District, complementing our new Grants 4 Growth II offer. That a proportion of the council’s funding relating to the Supporting Local Business of UKSPF and REPF (£116,315) is utilised for this purpose.

To award £116,315 of the council’s allocation of UK Shared Prosperity Funding and Rural Prosperity Funding to NBV Enterprise Solutions Ltd. For the ‘Start Up, Scale Up’ project in South Holland District.

Considerations and conclusions for this investment are made within the text of this report, including the options appraisal below.

Option 1 - Proceed as per the recommendation of this Report

Under this option, both a business grants and advisory support scheme, delivered by NBV Enterprise Solutions, for start-up businesses in our District will be implemented. This will support the realisation of the benefits as set out within the report below.

Option 2 – Do nothing

Under this option, the recommendations are not taken forward and neither the business grants nor the advisory scheme for start-up businesses will go ahead and consequently, the benefits of the report detailed below will not be realised

None