5m grant fund opens to raise Leeds’ rural economy

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Businesses with expansion plans for 2018 may need a share higher than 5 million which is designed to help accelerate continuing development of the rural economy inside the Leeds City Region.

The funding can be purchased that can help the creation of new infrastructure which encourages business growing and diversify.

Grants may be found in three key areas: business development, food processing and rural tourism infrastructure.

Investments which could be supported include people who encourage tourists into the future, to be longer as well as waste more money in rural areas, in addition to help for businesses planning to grow or diversify, including farmers planning to transfer to non-agricultural activity.

Companies in the food processing sector can also receive support to buy new equipment or new buildings.

The money is being made available from the eu Agricultural Fund for Rural Development which is administered with the Rural Payments Agency together with the Leeds City Region Enterprise Partnership.

Grants are around to cover, usually, 40 per cent with the tariff of any project with applicants supposed to fund tenacious 60 percent through other sources. The minimum size of a grant is 35,000.

Roger Marsh OBE, Leeds City Region Enterprise Partnership chair and chair in the Leeds City Region European Structural and Investment Funds SubCCommittee, said: “Rural organization is an essential way to obtain jobs and growth, with 136,000 people in the town Region in tourism-related businesses alone.

“At this period of the year many business leaders consider the opportunity to review their ambitions for Twelve months and we are looking towards receiving applications for exciting projects which deliver growth and jobs.”

Applications into the fund need to be submitted by the end of May.

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