Rural Development Fund CLOSED (Free)

What is the grant available for?

The Rural Development Fund (RDF) aims to support businesses in East Lindsey to enable job creation, increase the skills and technical competencies of staff and encourage investment and innovation in order to increase economic activity. The Fund will also support those who are looking to create new businesses in the district.

Capital or Revenue or both?

Both

Percentage of Project Cost

The RDF can support projects up to 75% of the project costs or to a maximum of £50,000 in any one year. Collaborative projects (e.g. group of businesses or a network of organisations) are encouraged to apply and may have the potential for higher grant levels in exceptional circumstances. The remaining balance of project costs must be provided by the applicant organisation.

Eligibility Criteria

All businesses from micro-enterprises to SMEs (up to 249 employees) located in East Lindsey are eligible to apply. It does not preclude organisations operating outside the District, but supported activities should be based in and benefit East Lindsey. Community groups and other not for profit organisations may also apply if their project proposals have an economic impact on their locality. However, these groups may only apply for one source of ELDC funding for the same project. These groups are not able to apply for RDF alongside a Community Grants or Councillor Community Initiative scheme.

Delivery targets and required outcomes

The Rural Development Fund (RDF) aims to support businesses in East Lindsey to enable job creation, increase the skills and technical competencies of staff and encourage investment and innovation in order to increase economic activity. The Fund will also support those who are looking to create new businesses in the district.

Grant amounts available

The RDF can support projects up to 75% of the project costs or to a maximum of £50,000 in any one year

Who provides the grant?

East Lindsey District Council

How to Apply

The funding process is in two stages. All funding requests up to £5,000 will be decided at Expression of Interest stage.

Applications over £5,000 are required to complete a further application form and submit further supporting documentation.

The applicants will then be asked to attend an RDF Panel meeting to present their proposal.

Contact Information:

Telephone numbers:
01507 613113

Email:
rdf@e-lindsey.gov.uk

Website:
http://www.e-lindsey.gov.uk/businessfunding