The Rural Enterprise Fund will see £1m made available over the next two years, as part of funding from the Rural England Prosperity Fund. Businesses can apply for grants between £5,000 and £50,000 to purchase equipment and undertake building works to assist their business growth.
Applicants, which can include start-up businesses, farmers looking to diversify and a range of rural based business, must provide additionality, value for money and ensure that their activity will not harm the environment.
- Cllr Graham Biggs, Cabinet Member Economy and Growth, said: “The Rural Enterprise Fund will help to provide a range of support for businesses based in rural areas of Herefordshire, including the creation of new and safeguarded jobs, increased visitor numbers and turnover, and the adoption of new technology.
- “This scheme will make a big impact to local business and help to strengthen the economy of the whole county. I encourage any businesses that may be eligible to find out more and get in touch.”
Expressions of interest must be submitted by 2 January 2024, and if invited to proceed, full applications must be received by midnight Monday 12 February 2024.
For more information, and details of how to apply, please visit herefordshire.gov.uk/rural-enterprise-fund.