Grants now open to rural businesses
Grants of up to £750,000 are now available to help rural businesses in North Somerset grow and diversify.
The Rural Development Programme for England (RDPE) has released a new round of funds that are open to rural start-ups and businesses, social enterprises and local authorities.
If you are looking to develop your business or enhance tourism facilities by improving buildings, buying new equipment or providing the necessary infrastructure you can apply to one of three funds:
- Food processing – open to food and drink businesses that process agricultural or horticultural products. Find out more in the RDPE Food processing handbook at: https://www.adas.uk/Portals/0/Food_Processing_Handbook_v3_0_Nov_2019.pdf.
- Business development – open to small business and start-ups, including farmers wishing to diversify into non-agricultural activities. Find out more in the RDPE Business Development handbook at: https://www.adas.uk/Portals/0/Business_Development_Handbook_v3_0_Nov_2019.pdf.
- Rural tourism infrastructure – open to a wide range of organisations. If the project is intended to make a profit only small businesses and farmers who want to diversify can apply. Find out more in the RDPE Rural Tourism Infrastructure handbook at: https://www.adas.uk/Portals/0/Tourism_Handbook_v3_0_Nov_2019.pdf.
Grants range from a minimum of £20,000 to a maximum of £750,000 and can meet up to 40 per cent of the project costs with the balance being provided by the applicant.
The deadline for Expressions of Interest is Sunday 16 February. For more information visit: https://innorthsomerset.co.uk/business-support-services/grants-funding/ or contact Josyanne Clarke, Economic Development Officer at North Somerset Council, at firstname.lastname@example.org or 01934 426 914.