Businesses and organisations in Somerset are being encouraged to find out if they are eligible for capital funding grants aimed at supporting businesses and community infrastructure in rural areas.
The funding is available following Somerset Council’s successful £3.4 million submission into Government’s Rural England Prosperity Fund (REPF).
This first call for applications is seeking to allocate a total of £850,000 to eligible capital infrastructure projects. These projects must be delivered – and grant funding spent – by the end of March 2024. Grants can be between £5,000 and £100,000 and match-funding contributions are required.
The REPF has very specific criteria set by Government. Therefore, Somerset Council’s Economic Development team is urging businesses and organisations to carefully check eligibility on their website
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