Welsh Government - Rural Business Investment Scheme - Non Agricultural - Window 2

Posted by LindaStenner on July 19, 2021

Welsh Government - Rural Business Investment Scheme - Non Agricultural - Window 2

July 19, 2021 at 4:26 PM

LOOKING TO DIVERSIFY OR DEVELOP YOUR BUSINESS?

Welsh Government - Rural Business Investment Scheme - Non Agricultural - Window 2

The application window opened on 5th July 2021 and closes on the 20th August 2021.

RBIS (Non-Agri) covers capital investments costs and supports projects in Wales that contribute to one or more of the following:

a) the diversification of the rural economy,

b) the development of the supply chain for natural products,

c) increasing the productivity, efficiency and competitiveness of rural businesses.

The scheme is open to existing and start up Non-agricultural micro and small enterprises including farmers diversifying into non-agricultural activities. The scheme is open to applications from individuals wishing to start a new non-agricultural business and new/existing sole traders and/or businesses already involved in or wishing to diversify into non-agricultural activities.

The application will be assessed in two stages. The first stage will be an assessment and scoring against the published selection criteria, and if selected your application will be subject to a full appraisal. The Welsh Government’s Rural Communities – Rural Development Programme 2014-2020 - Focus Area Six looks at facilitating diversification, creation of new small enterprises and job creation.

Support under this scheme can cover tangible assets such as land, buildings, machinery and equipment and intangible assets such as computer software, patent rights and licences and technical and consultancy fees;

The maximum grant rate for any individual investment project is 40% of the total eligible costs. The maximum grant threshold per undertaking for any individual investment project is £50,000, and the minimum is £5,000. Applications for the RBIS (Non-Agri) will be via Rural Payments Wales (RPW) Online only.

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For further information or to discuss your proposal in more detail please contact Kathryn Williams, Davis Meade Property Consultants via kathrynwilliams@dmpcuk.com

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