Support for rural businesses

20 Jan 2013

With the help of Devon County Council and Somerset County Council, the Heart of the South West LEP has launched a package of rural business support with the aim of boosting profits and creating jobs.

This includes grants of over £10,000 each for micro-enterprises (10 employees or fewer).  There is no upper limit for the grant, but applicants will need to meet 60% of project costs, with the grant covering a maximum of 40%.

We are asking interested applicants to visit the website for further details.

The £1 million grant fund is in addition to the Government’s £2.9 million investment in the Rural Growth Network (RGN).  Last year, Defra selected just five regions to receive funding for an RGN Pilot to help overcome the challenges of running a rural business, such as shortage of work premises and poor internet speeds.

The RGN is expected to create around 1,300 new jobs in the area and boost the rural economy by £40m.  Click here for further information on the RGN.

Again with the help of the local authorities, we are also developing further support for rural businesses, including a programme of business advice and support, a small number of pilot programmes to support entrepreneurship, and family-based business succession planning.  Details are being finalised and more information will be announced shortly.


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