Saturday, July 20, 2024

Hinckley & Bosworth Borough Council makes £80,000 available to boost rural businesses

Rural businesses and organisations are being invited to apply for grants by Hinckley & Bosworth Borough Council.

The grants could help them boost productivity, improve community buildings or to improve accessibility to tourist attractions and green open spaces that support local communities and businesses.

The scheme aimed at boosting the rural economy launched Round three of funding on Monday (8th July 2024) with around £80,000 of capital only funding available. Applications will be treated on a first come first served basis until all funding has been allocated.

The scheme, made possible thanks to £400,000 from Rural England Prosperity Fund in 2023, has been extremely popular and has already seen a wide range of businesses and organisations funded to make business performance improvements, purchase new machinery and vehicles and install energy efficiency measures.

Those eligible for the grant include businesses and local organisations that wish to invest in new technologies and equipment that increase productivity; protect and improve local historic buildings and tourism venues which can include new kitchens, energy efficiency improvements and cultural offerings; provide diversification outside of agriculture and develop local tourism attractions.

There are a range of grants available, with funds from £7,500 to £22,500. The grants also have an intervention rate of 75%, meaning businesses and organisations need only find a minimum of 25% of the total eligible project costs to apply.

Executive Member for Rural Affairs at the Borough Council, Councillor Martin Cartwright said: “We are delighted to be able to continue to offer these grants to support our rural communities and businesses, helping them to thrive especially given the challenging and difficult circumstances over the recent years.

“Due to the amount on offer, we are expecting these grants to be very competitive, so please apply straight away if you think you’ll be eligible. Our thanks to the Rural England Prosperity Fund for helping to make this possible.”

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

Related news

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.