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February 9, 2023
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Deadline looms to obtain rural growth funds, firms are told Magazine

Rural businesses keen to progress have been reminded they’ve until the end of May you’re grants on the European Agricultural Fund for Rural Development.

A total of 5m has been created available by EAFRD to aid fund the creation of new infrastructure, which encourages business to progress and diversify.

Business owners getting work done in the examples below areas have been asked to bid for funding:

  • Business development schemes which will help rural business to diversify C this tends to include grants for farmers planning to branch out away from agriculture.
  • Rural food processing sector companies purchasing new equipment or buildings.
  • Tourism infrastructure schemes that encourage visitors to reach the place, stay longer and spend more money in rural locations.

Grants are expected to pay for, mostly, 40% in the valuation on assembling your project with applicants anticipated to fund tenacious 60% off their sources. The minimum grant is 35,000.

The money is being proposed by the EAFRD, and that is administered by the Rural Payments Agency in partnership with the Leeds City Region Enterprise Partnership.

Roger Marsh, Leeds City Region Enterprise Partnership chair and chair with the Leeds City Region European Structural and Investment Funds SubCCommittee, said:?”The funding available today should help rural firms you have to be productive and a lot more competitive while also helping us build infrastructure that makes it more convenient for tourists to travel our magnificent – and frankly unrivalled – county. I’d encourage all rural people who run businesses planning to grow their output to do applications before 31 May.”

People wishing to make an application for the funding are urged to the Defra Rural Services helpline on 03000 200 301, or email [email protected] Businesses should be based in West Yorkshire, Payday loan lenders York, Craven, Harrogate or Selby.?Applications towards the fund must be submitted by Thursday 31st May.

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