More than £42,000 has been granted to two business in North Lincolnshire from the British Steel Support Fund, creating five new jobs.
RJ Engineering and UK Container Repair Ltd have both received funding to help support development and create new jobs for the district.
The £3 million British Steel Support Fund was provided by the government following the announcement of job losses at Tata Steel in Scunthorpe in 2015. The funding is available until March 2018.
So far, 11 businesses have been awarded grants from the British Steel Support Fund; this is a total of £1.76 million, leaving £1.24 million available.
UK Container Repairs Ltd has been granted £14,515 to start up the business. Michael Musson set up the business that will inspect and repair shipping containers.
The funding will help the South Killingholme start-up purchase machinery to allow it to move, assess and repair shipping containers, as well as create two jobs.
Michael Musson said: “The prospect of owning and developing my own business has been a life-long dream, and it was only with the assistance from the British Steel Support Fund which made this possible.
“The funding has enabled my business to purchase a container handler, essential for carrying out the vital inspections and repairs which is core to my business.”
RJ Engineering, an engineering design service for the process industry and building services sector based Waters’ Edge in Barton, has been granted £28,146.
The funding has enabled the firm to buy 3D digital surveying equipment to enhance the services it can offer and diversify into new markets. It has also enabled RJ Engineering to create three new jobs.
Through the British Steel Support Fund over 317 jobs are expected to be created and safeguarded, which is above the set target of 250.
Councillor Liz Redfern, Leader of North Lincolnshire Council and Chair of the British Steel Taskforce, said: “It is great to see the British Steel Support Fund making a real difference across North Lincolnshire.
“This funding pot was set up to support businesses and help with business start-ups, just like it has with RJ Engineering and UK Container Repairs Ltd. We are also seeing jobs being created, which is a fantastic boost for the area.
“More applications are in the pipeline, however funding is still available. If you are looking to set up your own business or need help with developing your business, get in touch.
“We are entirely committed to helping businesses in North Lincolnshire and will we do all we can to support them.”