ISLE MP Andrew Percy is encouraging local businesses to apply for Government grants after £60m was made available.
Rural Economy Grants (REG) from £25,000 to £1m are available to support businesses focused on farm competitiveness, agri-food, tourism, forestry and micro enterprise.
The Secretary of State for Environment, Food and Rural Affairs, Caroline Spelman MP, has indicated the Government’s commitment to rural development and the grant initiative is part of a broader £165m package to unlock the economic potential of rural areas.
Mr Percy said: “These grants are proof that this Government understands and is willing to invest in rural interests.
“I have long campaigned on behalf of our rural communities who contribute a great deal to the economy.
“We must do more to support them in these difficult economic times which is why I am always arguing for a fairer share of funding for rural areas.
“Forty percent of the costs of projects can be covered by this grant and that will go a long way towards helping many rural businesses to remain competitive.”
REG applications are currently being accepted and further information is available at http://rdpenetwork.defra.gov.uk/funding-sources/rural-economy-grant