A new grant scheme is now available to help micro and small businesses in rural areas of the county.
The Rural Enterprise Fund will see £1m made available over the next two years, as part of funding from the Rural England Prosperity Fund and the UK Shared 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 away from agriculture and a range of rural based business, must provide 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 more better-paid jobs, increased visitor numbers, increased turnover, and the adoption of new technology.
“The Council’s Economic Development Team have already been contacting businesses to advise them of the new scheme and encourage applications, along with meeting key stakeholders including the NFU, CLA and the Rural Hub to discuss how we can best support businesses to access this funding.
“This scheme will make a big impact to local rural business and it is a vital step in helping to strengthen the economy of the whole county. I strongly encourage any businesses that may be eligible to find out more and get in touch.”
For more information, and details of how to apply, please visit herefordshire.gov.uk/rural-enterprise-fund.