News Rural investment grant scheme launched to boost local economy
Rural businesses, are being encouraged to apply to Maidstone Borough Council (MBC) to bid for a funding boost.
MBC has unveiled a brand-new Rural Investment Grant Scheme, offering up to £15,000 in funding to support capital investment projects for rural businesses across the borough.
Funded through the Rural England Prosperity Fund, the scheme is designed to help both new and existing rural enterprises grow, innovate, and diversify, particularly those looking to develop new products or facilities that benefit the wider local economy. This includes support for farm businesses seeking to expand into new income streams.
Grants ranging from £500 to £15,000 are available, with a minimum 20% match funding required from applicants. The scheme is open to all eligible rural businesses as defined by DEFRA, with a particular focus on, local economy-boosting initiatives, green and environmentally conscious businesses, food and drink producers and hospitality and tourism enterprises.
To help prospective applicants understand the scheme and how to apply, MBC’s Economic Development Team will host an information session at Headcorn Village Hall on Thursday 31 July, from 10am to 12pm.
Cllr Stephen Thompson, Cabinet Member for Stronger, Healthier Communities at MBC, said: “This new grant scheme is a fantastic opportunity for our rural businesses to grow in a sustainable and innovative way. Small businesses are the backbone of our economy, and we’re proud to support their development while encouraging green initiatives.“I encourage all interested businesses to review the guidance on our website and submit a strong application, this is expected to be a competitive process.”
For more information, eligibility criteria, and how to apply, visit the grants portal.