Re-location and expansion will help a Louth electrical business create more jobs thanks to a cash injection from East Lindsey District Council.
GRS Electrical Services of Northgate has been awarded a £20,000 grant and £30,000 interest-free loan through the council’s Rural Development Fund which supports projects that create employment, develop new business and attract visitors to the district’s rural communities.
Having operated in Louth for 30 years – experiencing continued growth for 20 of these, GRS Electrical Services has reached the point where it can not grow further due to a physical lack of space.
It will use the RDF cash to relocate to the Fairfield Industrial Estate and to develop a mechanical division of the company enabling future growth and the creation of new jobs.
GRS sales and marketing manager Clare Avison said: “Our current premises is a ‘hodge podge’ of small rooms within which we are juggling the infrastructure necessary to run an SME with a £5million turnover - not an easy task.
“While this juggling act is continuing, we are turning away potential projects as we simply don’t have the capacity to put the tenders together.
“The prospect of GRS Mechanical is definitely viable but in order to be able to start, we need to move premises.
“Getting the money together to buy new premises and make them fit for purpose would be a stretch for us financially.
“We had seen the information about the RDF on the ELDC website and sent in our stage one application, not expecting to get anywhere, and when we got invited to apply for stage two and then to the stage three interview we were really excited.”
ELDC’s portfolio holder for economic regeneration, Coun Craig Leyland, added: “In the current financial climate it is becoming more important to support our rural communities allowing them to grow and thrive.
“Across the district we need more business, we need more jobs and we need more visitors and we hope that by working hand in hand with local people we can help achieve that.
“By supporting local businesses and organisations we believe we can make a real difference to the economy in East Lindsey and help to turn dreams and ambitions into reality.”
Funding is available for projects which encourage investment in rural areas, create new employment opportunities, increase the number of new businesses, expand the rural visitor economy by extending the season, increase skills of people finding it difficult to gain employment and support existing businesses.
Although designed to support the district’s most rural and sparsely populated areas where economic activity is low, the scheme also supports projects in or near town centres which provide opportunities to their surrounding rural populations.
To submit an expression of interest visit http://www.e-lindsey.gov.uk/ruraldevelopmentfund or contact the Economy and Tourism team on 01507 613113.