To date the Mid Ulster Rural Development Partnership has approved over £1.2M in grant aid to rurally based micro and small businesses in the district through its Rural Business Investment Scheme!
The Partnership is continuing the roll out of the scheme and is now planning for the next call for applications which will commence with a series of mandatory funding workshops. All businesses intending to apply must attend a workshop to be eligible to make an application.
The workshops will be held on Monday 9th October in Council offices Magherafelt (9:30am) and Cookstown Leisure Centre (6:30pm), Wednesday 11th October in The Cornmill Coalisland (9:30am) and Quinn's Corner, Dungannon (6:30pm), Monday 16th October in Cookstown Leisure Centre (9:30am) and The Cornmill, Coalisland (6:30pm) and Wednesday 18th October in Quinn's Corner, Dungannon (9:30am) and Council offices Magherafelt (6:30pm).
The Rural Business Investment Scheme now offers grant aid on 50% of eligible expenditure up to £30,000 for new businesses, up to £50,000 for existing micro businesses and up to £90,000 for existing small businesses.
Chair of the Mid Ulster Local Action Group (LAG), Councillor Sean Clarke, commented: “Attending a funding workshop is a fundamental first step in the application process and is therefore a mandatory requirement for making an application. The primary purpose of the workshops is to help businesses decide if their project is investment ready before an application is made”
“Interest to date under the Rural Business Investment Scheme has been high and the funding on offer provides a fantastic opportunity for new or existing rurally based micro and small businesses to develop and grow.”
Dr Stephen Anderson, Managing Director of Aecentus Ltd, commented on the benefits the funding brought them, “At Aecentus we provide analysis and measurement services to local and international mechanical and structural engineering companies. Demand for our services has grown significantly in recent years. With grant assistance received through the Rural Business Investment Scheme we were able to purchase an additional analysis software suite and employ an additional stress engineer which has immediately increased our capacity to meet growing demands from our customers and grow the business overall.”
This call for applications is open to all eligible businesses including social economy enterprises operating under the Rural Growth, Rural Innovation and Rural Youth themes detailed within the LAG’s Rural Business Investment Scheme.
Pre-booking is essential - to book a place at a workshop please contact a member of the administration team on 028 8676 4714.
In order to be considered eligible to make and application for funding the individual(s) attending the workshop must be either the business owner if a sole trader, one or both business partners if operating a business partnership enterprise or a director who is an authorised signatory for the business if operating as a legal entity registered with Companies House.
The Rural Business Investment Scheme is part funded under Priority 6 (LEADER) of the Northern Ireland Rural Development Programme 2014-2020 by the Department of Agriculture, Environment and Rural Affairs (DAERA) and the European Union.
For more information on the application process and eligibility criteria for the Rural Business Investment Scheme visit www.midulsterrdp.org.