Hertfordshire LEP’s allocation of European Agricultural Fund for Rural Development (EAFRD), is now open to grant applications from micro and small businesses in Hertfordshire’s rural areas.
The grants are designed to assist with capital investment to create new jobs.
Grants of over £35,000 are available to firms of less than 50 employees in officially designated rural areas. Small and Micro businesses in or near small towns such as Buntingford; Braughing; Much Hadam; Radlett; Bovingdon; Redbourn; Wheathampstead; Kimpton; Knewborth and Ashwell are eligible to apply). A detailed map showing the eligible rural areas is here: Rural Hertfordshire The grants are limited to 40% of project costs and are capped at a maximum of €200,000 (approx. £142,000).
Projects must create 2 or more full time jobs and can be used to support activities such as:
• Expansion of workshop facilities to increase productive capacity
• Investment in equipment and machinery
• Farm diversification activities, including rural tourism, contributing to wider rural growth
Speculative commercial property development is not a priority for this call. For details of how to apply, please visit: HERTS LEP EAFRD COMP