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    Last update 21/07/2025

    2025 Grants & Government‑Backed Loans for Startups and Small Businesses in Lincoln, UK


    Introduction

    Lincoln provides a supportive environment for new and growing businesses, featuring multiple grants, government loans, and expert advice through local and regional support schemes.


    Key Funding Opportunities

    🔹 Start‑Up Loans

    • Description: Government-backed unsecured loans of up to £25,000 with a fixed 6% interest rate and up to 5 years to repay. Includes 12 months’ free mentoring and business support.

    • Apply via:
      🔗 Start‑Up Loans UK


    🔹 British Business Bank

    • Description: Offers a diverse range of finance options, including small business loans and equity investment opportunities via approved delivery partners.

    • Discover more:
      🔗 British Business Bank


    🔹 Business Lincolnshire Grant Finder


    🔹 Lincoln City Council – Business Support


    🔹 SELEP / Greater Lincolnshire LEP


    Local Resources


    How to Access Support

    1. Define Your Funding Need – Clarify whether you need investment for premises, innovation, hiring, etc.

    2. Search Relevant Schemes – Use Business Lincolnshire, council, or LEP portals to shortlist opportunities.

    3. Engage Local Support – Book appointments with Lincoln City Council’s Business Support or Growth Hub advisors.

    4. Prepare a Strong Proposal – Include a clear business plan, financial projections, quotes, and commercial rationale.

    5. Apply on Time – Complete required online forms and meet grant deadlines.

    6. Seek Mentoring – Many loans and grants also offer mentorship and workshops to bolster growth.


    Additional Tips

    • Have documentation ready – e.g. ID, address proof, cash flow forecasts, quotes.

    • Consider alternative finance – explore equity funding, crowdfunding, or angel investors alongside grants.

    • Build networks – attend events from Business Lincolnshire, University of Lincoln, and LEP for contacts and advice.

    • Stay informed – regional funding priorities can shift; check portals regularly.


    Contact Information

    Lincoln City Council – Business Support
    📞 01522 881188
    🔗 Lincoln City Council – Business Support & Funding (greaterlincolnshirelep.co.uk, City of Lincoln Council, Basildon for Business)

    Business Lincolnshire Growth Hub
    🔗 Grant & Support Finder (businesslincolnshire.com)

    Greater Lincolnshire LEP
    🔗 Funding Opportunities (greaterlincolnshirelep.co.uk)

    University of Lincoln – Business Funding
    🔗 University Business Funding (lincoln.ac.uk)

    British Business Bank
    🔗 British Business Bank

    Start‑Up Loans UK
    🔗 Start‑Up Loans


    Frequently Asked Questions (FAQs)

    ▫️ What support does Lincoln City Council offer?
    Guidance on grants and funding opportunities, plus introduction to support advisors. (Basildon for Business)

     

    ▫️ How do I apply for a Start‑Up Loan?
    Visit the Start‑Up Loans UK site to complete your application, including business plan and mentoring access.

     

    ▫️ Who is the British Business Bank for?
    SMEs seeking debt finance or equity investment; partnerships with regional delivery networks.

     

    ▫️ Where can I find local grant schemes?
    Use Business Lincolnshire’s Grant & Support Finder for tailored opportunities for Lincoln businesses. (lincolnshirecf.co.uk, City of Lincoln Council, businesslincolnshire.com)

     

    ▫️ Are innovation grants available?
    Yes—access schemes such as Innovate UK, ERDF, and LEP funding via University and LEP support. (greaterlincolnshirelep.co.uk)

     

    ▫️ What documentation do I need?
    Typical requirements include business plans, financial projections, supplier quotes, and project rationale.

     

    ▫️ Can I combine multiple funding sources?
    Yes—many businesses use a mix of grants and loans to fund projects; ensure eligibility criteria align.

     

     

     

     

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