North East Lincolnshire Council has awarded a £74,250 grant to an innovative recycling business that will see it expand its market and create new jobs.
A release from North East Lincolnshire Council follows:
Lynx Recycling and Recovery Ltd will put the money towards a £247,500 project to set up a specialist polythene recycling facility at its factory in Grimsby. At least four new jobs will be created as a result with more expected once production increases.
Grant funding has been made available for the project from the ‘Growing the Humber Programme’, run by North East Lincolnshire Council on behalf of the Humber Local Enterprise Partnership and supported by the Government’s Regional Growth Fund (RGF).
Cllr Chris Shaw, Leader of North East Lincolnshire Council, said: “I’m very impressed with Lynx Recycling’s ambitious plans and I’m looking forward to seeing the results of the investment.
“We’re supporting that growth by making the most of the funds we have available to unlock the potential of local industries and ultimately creating more jobs in the borough.”
Craig Wilson, Managing Director of Lynx Recycling and Recovery Ltd, said: “The RGF grant has given us an opportunity to not only expand our business but create new and permanent jobs alongside this.
“Our aim is to double our workforce and create a 24 hour processing site which with the help of the RGF makes this one step closer to reality.”
The grant has been given as North East Lincolnshire Council has announced it is lowering the threshold for grants to open up opportunities to smaller businesses and smaller projects.
Businesses in the engineering and renewable energy supply chain can now apply for grants as low as £5,000.
For more details about the support the council offers visit www.nelincs.gov.uk/rgf or call 01472 324602.
Cllr Shaw added: “The bottom line is we have cash to give away and we need businesses, that have capital projects which will create jobs, to get in touch by the end of April to register an interest.
“It’s vital that as many companies as possible benefit from Regional Growth Fund, that’s why we’ve lowered the minimum grant from £20,000 to £5,000.
“This opens it up to a much wider range of projects and companies, so if you need investment to grow your business then call the team now.”
Money can be put towards support for capital assets, research and development and training and apprenticeships. Grant restrictions apply to some business sectors. Contact the team for more details on 01472 324602 or visit www.nelincs.gov.uk/rgf.