Sep 4TH

£750,000 funding opportunity for local rural businesses

£750,000 of European funding (EAFRD) is being made available to small, growing rural businesses across Northamptonshire as part of Northamptonshire Enterprise Partnership's (NEP) commitment to boosting economic growth and prosperity in the rural sector.

NEP, in partnership with business, local authorities, skills and VCS organisations, has been tasked with making the £750,000 available to help these businesses, new or established, expand and create new jobs.

The EAFRD funding will deliver individual grants to micro and small businesses based in rural locations including social enterprises, people who want to start a business in a rural area and farmers or members of the farm household diversifying into non-agricultural activities. Projects associated with rural tourism and the food and drink processing sectors will be prioritised.

Up to 18 projects will be funded and grants will range from £35,000 to a maximum of approximately £140,000 and can cover up to 40 per cent of a project's total costs. Projects must have a total value of at least £87,500 to be eligible for funding.

 

Businesses must be registered with the Rural Payments Agency (RPA) before they can apply for the EAFRD funding. To register online for RPA, visit www.gov.uk/government/organisations/rural-payments-agencyOnce registered with the RPA a business can make an outline application for EAFRD funding online.

Applications – which must be submitted by 5.00pm on Friday November 27 – will be assessed by government and NEP. Those with the strongest business case will then be asked to make a further, full application for project funding.


NEP will be holding a series of drop in information sessions for would-be applicants across Northamptonshire in September and October to give help and guidance on the new EAFRD funding.

 

23rd September – 10.00am-1.00pm – South Northants Council offices
13th October – 10.00am-1.00pm- East Northants council offices

For more information and to pre-register your attendance, see the NEP website.

Full guidance for details of eligibility can be found via the following links:

www.gov.uk/european-structural-investment-funds/business-support-call-in-northamptonshire-26rd15bs0001

https://assets.digital.cabinet-office.gov.uk/media/55df1996e5274a5580000003/26RD15BS0001_NLEP_Business_Development_v1.0.pdf