Wednesday, October 21, 2020

D2N2 opens up funding pot for rural businesses

Almost one million pounds is being made available to small rural businesses across Derbyshire and Nottinghamshire looking to develop, as part of the D2N2 Local Enterprise Partnership’s plan to boost economic growth.

More than a third of the D2N2 area’s total of 880,000-plus jobs are in rural local authority areas but according to DEFRA (the Department for Environment, Food and Rural Affairs) problems for the rural economy can include reduced income among farmers, lower than average wages and difficulties in finding business investment. D2N2 is making £933,000 available; to help new or established small or micro businesses in rural areas to expand and create new jobs.

To be eligible to apply for a grant a rural business must operate in the D2N2 area and in one of its eight key economic sectors – the visitor economy, food and drink manufacturing, low carbon, construction, transport equipment manufacturing, transport and logistics, creative industries or life sciences – OR be looking to create new jobs, or increase productivity; or introduce a technology, product or process new to their sector.

David Ralph, chief executive of the D2N2 Local Enterprise Partnership, said: “Small rural businesses provide a service to their community, accessible employment opportunities and are an important part of the economy but can struggle to find funding which is perhaps more readily available in urban areas. “The EAFRD funding we’re announcing is aimed specifically at providing owners of new and established, smaller businesses with the help they need.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Leicester photographic print supplier secures COVID support

Leicestershire photographic print supply firm, Tetenal UK, has secured a finance facility from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS) to...

Expert NEDs join F Word Academy

The F Word Academy, an online business finance academy, has added two East Midlands business development experts to its executive team. Stuart Ross from High Growth...

Software company acquires online school management system

IRIS Software Group, the privately held software company, has acquired iSAMS, a fully integrated online school management system. Set to grow the scope of the...

Software firm reports 47% revenue growth and secures investment for future expansion

The Access Group, a provider of business management software to mid-market organisations which is due to open a new office at Loughborough University Science...

Watch the 2020 East Midlands Bricks Awards as it unfolds next week

On Thursday 29th October, the 2020 East Midlands Bricks Awards will take place virtually. Business Link’s annual event, the East Midlands Bricks Awards recognises development projects and people in commercial and public...

Related news

Agent appointed to Chesterfield Waterside offices

Knight Frank has been appointed to find tenants for office space in Chesterfield’s newest £340m regeneration project. Construction of No.1 Waterside Place at Basin Square...

Leicester photographic print supplier secures COVID support

Leicestershire photographic print supply firm, Tetenal UK, has secured a finance facility from HSBC UK through the Coronavirus Business Interruption Loan Scheme (CBILS) to...

Expert NEDs join F Word Academy

The F Word Academy, an online business finance academy, has added two East Midlands business development experts to its executive team. Stuart Ross from High Growth...

Software company acquires online school management system

IRIS Software Group, the privately held software company, has acquired iSAMS, a fully integrated online school management system. Set to grow the scope of the...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close