Eligible North Devon businesses can apply for Rural England Prosperity Fund (REPF) grants of between £2,500 and £25,000 from the UK Government’s UK Shared Prosperity Fund (UKPSF).
The central government grants are being channelled through North Devon Council and Torridge District Council to North Devon+, which is managing the grant process.
The grants aim to address productivity and prosperity, especially in rural areas, and are targeted at small and micro businesses, with up to 50 employees with a turnover of less than £10 million.
The grants are focused on three areas, providing capital grant funding for:
- Small-scale investment in micro and small enterprises in rural areas – including net zero infrastructure for rural businesses, and diversification of farm businesses outside of agriculture to encourage, expanding, or scaling those businesses where this involves converting farm buildings to other commercial or business uses.
- Growing the local social economy and supporting innovation – aimed at community businesses and social enterprises only.
- Developing and promoting the visitor economy – eg local attractions, trails, tourism products more generally.
Generally, grants up to £10,000 require 20% match funding, while those between £10,001 and £25,000 require 30% match funding – see individual grant descriptions for details.
Don’t miss application deadlines
Deadlines for the 2023 grant applications are extremely tight with some closing end of September and others end of November 2023.
Further rounds of applications will be invited for 2024–2025 at a later date.
Apply for grants
For full details and to apply for grants, visit northdevonplus.co.uk
