As part of the D2N2 Local Enterprise Partnership’s plan to boost economic growth, grants are being made available to businesses.
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. Businesses can also be looking to create new jobs, increase productivity, introduce a technology, product or process new to their sector.
Up to 26 projects will be funded in the D2N2 area. Grants available will range from £35,000 to a maximum of approximately £140,000 and can cover up to 40 per cent of a project’s total costs. Projects must have a total value of at least £87,500 to be eligible.