Opportunity to apply for Welsh Food Business Investment Scheme

Posted by LindaStenner on June 14, 2019

Opportunity to apply for Welsh Food Business Investment Scheme

June 14, 2019 at 10:57 AM

The expression of interest window for round 7 of the Food Business Investment scheme is now open.

The FBIS covers capital investments in processing equipment along with some associated costs and supports projects that offer clear and quantifiable benefits to primary producers, either directly or indirectly, in the agriculture sectors providing the raw materials. Micro, Small or Medium Enterprises (SME’s) are a particular priority for support.

The scheme offers grants to collaborative groups looking to:

  • erect new buildings
  • refurbish old premises
  • buy eligible new or second hand equipment (certain conditions apply)

Examples of the types of projects and activities that might be supported are:

  • a group of potato producers may want to upgrade their processing facilities and rationalise and amalgamate their storage and grading facilities into a larger, more economical unit with better environmental control
  • a vegetable processing company might want to improve its facilities to meet customer requirements and improve its handling of waste water
  • a livestock market may wish to improve its lairage facilities and other handling/holding facilities to raise the standards of animal welfare, make improvements to sale rings to speed up sales, or to improve its effluent handling
  • an abattoir might wish to expand its primal cutting operation to accommodate the needs of its customers, to build new chilling or other carcass processing facilities, to introduce new processing lines for specific purposes, for example, slaughter for export, or to improve its effluent handling
  • a meat /poultry processing company may want to make quality improvements to its products or expand into another area or move into more refined/specifically targeted packaging and improve its effluent treatment systems
  • a small dairy business may wish to expand its cheese-making operation to take advantage of the growing market for speciality cheeses
  • a cheese manufacturer may want to move into higher quality products such as mature cheeses or move into new areas such as blue cheese or improve its storage facilities and improve its waste and effluent handling.

The minimum grant threshold per enterprise for any individual investment project is £2,400.

The maximum grant threshold per enterprise for any individual investment project is £5,000,000.

Where both the input and the output are agricultural products the maximum grant rates are as follows:

  • SMEs - up to 40 per cent of the total investment cost regardless of location.
  • Large Enterprises – up to 20 per cent of the total investment cost regardless of location.

If other EU or UK public funds are obtained to support the costs of a project they will be discounted against the Food Business Investment grant. 

The scheme is open to applications from a wide range of businesses involved in primary and/or secondary processing of agricultural products, such as:

  • sole traders
  • voluntary sector organisations
  • private and public limited companies (SME and Large Enterprises)
  • farm businesses that want to process their own agricultural products
  • new businesses, including start-up businesses.

The scheme is open for Expressions of Interest until July 2, 2019.

For further details on the application criteria please contact Kathryn Williams on 07971 583638 or email kathrynwilliams@dmpcuk.com

Kathryn 003_opt.jpg

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