Rutland County Council has launched the Rutland Rural Enterprise Grant, a new initiative funded by the Rural England Prosperity Fund (REPF).
This grant scheme is designed to support small and medium businesses in rural areas of Rutland, with the aim of driving economic growth, business diversification and innovation, and promoting sustainable practices.
This grant scheme has received £200,000 from the UK Government through the UK Shared Prosperity Fund, of which the REPF is an extension.
Businesses can apply for grants between £5,000 and £20,000 for their projects. The grant will fund up to 50% of the total project costs and the projects applied for must be capital.
Councillor Paul Browne, Cabinet Member for Planning, Property and Economic Development, said: “We are delighted to offer grant funding to our local businesses, fostering projects that will spur business and economic growth.
“This initiative is a key initial component of Rutland’s new Economic Strategy, reflecting our commitment to sustainable development.
“Rutland County Council is committed to supporting local enterprises and ensuring the prosperity of the rural economy. This grant scheme is a significant step towards achieving these goals and enhancing the overall quality of life in our rural communities.”
