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Investment hub NEL finds finance for Grimsby business

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The wheels of business growth are successfully turning in North East Lincolnshire thanks to Investment Hub NEL. They provide local business owners with easier access to funding and finance with a free and independent signposting service.

The service is promoted through the Humber Growth Hub and the  Greater Lincolnshire Growth Hub. The team have also presented their scheme benefits at a recent #FSBConnect Caistor networking event.

The Investment HUB team of four is Anthony Winn, Sarah Brattan, Ian Girdley and Heidi Dodson and all are ex-banking professionals with over 150 years combined experience in the financial sector.

Sponsored by North East Lincolnshire Council, Investment Hub NEL has grown from strength to strength since its inception in November 2016. In its first full year it helped 83 businesses, received a total of £9.3 million funding requests and in turn created 131 new jobs. 

The Investment Hub team have recently helped Grimsby business ‘Bike Fix’ by accessing finance that has enabled them to open a second branch in Cleethorpes. Unlike the parent store which is a repair orientated business, with a mobile service as well, this next shop will specialise in bicycle sales and will offer a range of around 40 different bikes for all riders.

Head mechanic and owner of the business John Matthews says 90 per cent of the bikes on offer will be available at prices between £250 and £300 with none for sale at more than £500. For John, whose new store has created two new jobs, his ethos is all about offering value for money. 

Sarah Brattan said “We were absolutely delighted to have been able to help John. He had a clear vision about how he wanted his business to grow and had outgrown his current premises. It made sense for him to open a second shop, creating more space to separate the retail side of the business from his already successful bike repair service. He can now offer a full range of bike sales, repairs and service, including the mobile cycle repair service at your home.”

The Investment Hub Team are available to help businesses based in North East Lincolnshire to find grants and funding. 

For more information contact: info@investmenthubnel.org.uk or telephone Heidi Dodson, Hub Support on 07429 353375 

Website: http://www.investmenthubnel.org.uk/

For information about Business Support across Greater Lincolnshire and Peterborough just visit the website of your local Growth Hub.

Pictured above: Left to right, Sarah Brattan, John Matthews, Kieran Gooch, Ian Girdley