The Growth Programme provides grants for projects which are seen to be encouraging economic growth and creating jobs in rural areas.
A funding avenue relevant to rural businesses within the Growth Programme and includes the European Agricultural Fund for Rural Development (EAFRD)
There are three priority areas:
- Business Development
- Food processing
- Small-scale tourism infrastructure
Eligible costs include buying new or improving buildings, equipment and machinery. Most of the grants are available to farmers and other rural businesses.
The Growth Programme grants can get confusing, as calls for applications are published by the RPA for the differing types of projects at different times in the specific Local Enterprise Partnership (LEP)areas. Neither is there a set amount of funding available. Intervention rates and local priorities are set by the LEP and all vary between project, type and region.
The government has confirmed that it will honour existing grants after the UK leaves the European Union, subject to some conditions (such as value for money and fit with current policies and priorities).
- Minimum Grant £35,000 – Maximum Grant £170,000
- Possibly More In Certain Circumstances
- Covering Up To 40% Of Eligible Costs
- Applications Are Competitive And Need To Show One Job Created Per £30,000 Of Grant Funding
- Two Stage Process
- National Budget Available: £177million
- Open For Expressions Of Interest Until 31st January 2018
- Projects To Be Finished And Grant Claims Submitted By 31st March 2018