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Grants and incentives to help your business grow or get started in Great Yarmouth

Incentives for businesses

A number of incentives are available to help businesses in Great Yarmouth.

Grants and incentives

Enterprise Zone Status

Beacon Park and a number of sites in the South Denes port area have Enterprise Zone status forming part of the Great Yarmouth and Lowestoft (New Anglia) Enterprise Zone.

Locating in an Enterprise Zone has the following benefits for businesses:

  • Business rates relief of up to £275,000 over 5 years, subject to eligibility
  • Simplified planning through Local Development Orders
  • Provision of super-fast broadband

For more information about Enterprise Zone status, email Eunice Edwards at the New Anglia LEP or call 07808 647203.

LDOs simplify planning arrangements by allowing specific types of development in certain areas. Please click here for further information on LDOs in Great Yarmouth. 

Assisted Area Status

Great Yarmouth also has Assisted Area status. Assisted Areas are recognised in European state aid rules as being less economically advantaged places that would benefit from additional support for development. As a result, financial support from Government is permitted to undertakings, typically businesses, for new investments in these areas.

A report from the Department for Business Innovation and Skills provides further information about Assisted Area status.

 

Grants and funding programmes

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A number of grants  and schemes are available to help businesses in Great Yarmouth. The New Anglia Growth Hub is able to offer support and assistance with application process in many cases.

Growing Business Fund

The New Anglia Local Enterprise Partnership Growing Business Fund provides grants of up to £500,000 for expanding businesses and creating new jobs. Businesses in qualifying areas may apply for a grant of up to 30% of the total cost of a capital investment project such as premises expansion or plant and machinery. Click here for more details.

Small Grant Scheme

The New Anglia Local Enterprise Partnership Small Grant Scheme offers grants of £1,000 to £25,000 for micro, small and medium sized businesses. Grants of up to 30% of the total cost of growth or expansion plans or projects to improve productivity or to introduce a new product or service are available. Tourism businesses such as hotels, restaurants and attractions are also eligible for this grant. Click here for more details.

Skills Support

Skills support for employees is available through Seetec who provide free in-house training for all employers in Norfolk and Suffolk with the support of New Anglia Local Enterprise Partnership and the Skills Funding Agency.

On-site courses provided with a qualified and experienced assessor include: business administration, customer service, management, IT, social media and digital marketing, retail management, facilities management, Hospitality and warehousing and storage. Click here for more details or e-mail enquiries.ssw@seetec.co.uk.

Energy Efficiency

The Business Energy Efficiency (BEE) programme provides free support to eligible organisations in Norfolk and Suffolk to become more energy efficient.

Energy experts from BEE conduct a free, impartial, independent review of businesses to identify the best cost and carbon saving opportunities. Small grants are available to support participating businesses to implement the next generation of energy efficiency measures. Click here for more details.

Funding for Rural Businesses

LEADER funding is available for rural businesses within the Great Yarmouth Borough Council area.  Projects need to be located in a LEADER area to be eligible. Click here for further information.

A free drop in session on LEADER funding is taking place in Hoveton on 15 November. Click here for more information.

LIFT funding is available for skills and employment projects focussed on businesses and residents located in the rural parts a of the Borough of Great Yarmouth. Managed by Norfolk County Council, LIFT has three core areas:
1. LIFT Jobs – Grants for projects that will support unemployed and inactive people into work or self-employment
2. LIFT Trials – Grants for projects that will offer tailored support for rural SME businesses to offer a work trial to someone with limited or no work experience or who face other challenges and barriers to work.
3. LIFT Skills – Grants for projects that will support employees of rural SME businesses to gain skills and enhance their contribution to the business
Click here for more information.

Employee Health and Wellbeing

Thriving Workplaces are Norfolk's FREE healthy workplace provider. Using digital analysis tools, their expert staff provide a strategic framework for you to understand and improve the health and wellbeing of your workforce. Click here for more information. 

 

Further information

The UK Government's business finance and support finder details Government-backed support and finance schemes for business including grants and funding, loans, business support such as mentoring and consultancy.

Foundation East champions local entrepreneurial spirit by providing finance and support to businesses to benefit local communities in Norfolk, Suffolk, Bedfordshire, Cambridgeshire, Essex and Hertfordshire.

GRANTfinder details extensively all major EU, Government and lottery funds, along with charitable trusts and corporate sponsors.

Norfolk County Council also maintains a list of grants and funding schemes including Grants-4-Norfolk and European Funding opportunities.

Do you qualify as an SME?

For guidance on SME status, please refer to the European Commission

Shopfront Improvement Scheme

Regent Road shop fronts

Businesses and social enterprises in Great Yarmouth town centre can apply for grants to improve their frontages as part of efforts by the borough council to make the central area more attractive to shoppers, residents and investors. Under the Town Centre Shopfront Improvement Scheme, eligible applicants can seek grants of up to £3,000 each to help fund shopfront renovation, decoration, new signage and/or replacement of historic features including lighting. Businesses must cover 25% of the total cost themselves.

The shopfront scheme aims to:

1. Improve business frontages, including shops, commercial businesses and social enterprises.
2. Enhance the appearance and appeal of the town centre to visitors, customers and local residents.
3.Preserve and enhance the special characters of the conservation area, its listed buildings and other buildings of public importance.
4. Assist towards encouraging further inward investment and stimulate business and consumer confidence.


Applications close on 31 March 2018, or sooner if funding is spent before this date. Completed applications will be assessed on their individual merits by a cross-party sub-group of the Economic Development Committee.

If an application is approved, the business will have six months to complete the works and submit a claim form, with payments made only once works are complete. Before starting work, applications must have obtained the relevant permissions, including any planning permission and landlord permission required. All applicants, whether successful or not, will be offered free business guidance, and advice on marketing, branding and visual merchandising, via enterpriseGY, the borough council’s business support service.

For more information on how to apply, please visit the business page on the Great Yarmouth Borough Council website.

 

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