Eleven wards within Lowestoft have been granted Assisted Area Status which permits the granting of additional financial support and regional aid to eligible small businesses and large enterprise within those specific wards. There are various examples of schemes, which, if a business is within an assisted area, a higher percentage of funding could be available. For example, New Anglia Local Enterprise Partnership's Growing Business Fund and Small Grant Scheme can offer an additional 10% of grant funding if businesses are based with an assisted area.
The Business Premises Renovation Allowance is also applicable to eligible empty business properties in assisted areas.
Further details and advice can be found on the New Anglia Growth Hub website.