Purpose

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.

Decision

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.

Reasons for the decision

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

Alternative options considered

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