Businesses can get grants of £50,000 from North Lanarkshire Council to support growth

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Businesses can now apply for capital grants up to £50,000 from North Lanarkshire Council to support future growth.The maximum grant available from the council’s Business Recovery and Growth Fund has increased from £20,000 to £50,000.The fund was established as part of the council’s response to the covid-19 pandemic, and has awarded over £760,000 in grants to 53 businesses to date, with a further 19 applications currently being assessed.The Lanarkshire Live app is available to download now.

Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android As a result of the grants awarded, businesses reported they would create 47 jobs immediately with another 188 within 12 months, safeguard 878 jobs and forecast an increased turnover of £19.2 million“The existing Business Recovery and Growth Fund grants have offered local businesses much needed assistance to recover from the pandemic and adapt for the future,” said Councillor Ayeshah Khan, NLC’s Convener of the Enterprise, Growth and Fair Work Committee.“Feedback from the business community indicated that increased grants would enable investment in larger scale projects such as converting or fitting out commercial premises and introducing advanced industrial plant and machinery to expand into new markets.“As a result, we have increased the grant level to £50,000 to help local businesses to grow and develop, bringing more jobs and