In the wake of Brexit, it was unclear how British access to EU funding might continue, even during the time before article 50 was triggered and while we wait to leave. Many of the executive agencies that deliver this funding to the businesses that require it to help create jobs and improve productivity simply stopped receiving applications.
Fortunately, the main rural schemes are now open for business! In the main there are three significant pots of grant funding available to rurally based businesses
Leader funding is delivered through Local Enterprise Partnerships (LEPs) with each local area defining what their priorities are. In the main these will include farm diversification, increasing productivity and increasing employment. Grant funding rates tend to be set at a maximum of 40% up to a maximum sum of £50,000 and so this funding stream is useful for projects with a cost of up to £125,000.
The Growth Programme
The Growth Programme is a nationally available scheme which is administered locally with the aim of creating jobs and growing the rural economy. There are three main areas where funding can be achieved: Business Development, Food Processing and Rural Tourism Infrastructure. The growth programme can fund projects up to a maximum rate of 40% and in most areas grants will be between £35,000 and £170,000. The Growth Programme is therefore suitable for projects with a cost of between £87,500 and £425,000.
Countryside Productivity Scheme
The Countryside Productivity Scheme is specifically aimed at farming and forestry businesses with the aim of improving productivity and helping to create jobs in the rural community. There are grants for:
- Water resource Management – including the installation of reservoirs
- Forestry Productivity
- Adding Value to Agri-food
- Farm Productivity
The Countryside Productivity Scheme can fund projects up to a maximum rate of 40% and in most areas grants will be between £35,000 and £170,000. The Growth Programme is therefore suitable for projects with a cost of between £87,500 and £425,000.
If you have a project in mind, then please do contact us to discuss which funding might be most appropriate for you.
We have a record of accomplishment in assisting clients with applications for funding through what can be a very bureaucratic process. The feedback received from one LEP was that they had recently turned down a project for funding despite it falling within their stated goals because the application was lacking in the necessary detail.
Please contact James Fulton on 01933 243034 or 07387154104