Rural Prosperity Fund / Hunts Rural Business/ Now open
About:
The Rural England Prosperity Fund (REPF) is an addendum to the UK Shared Prosperity Fund. It aims to support activities that specifically address the particular challenges rural areas face.
It succeeds EU funding from LEADER and the Growth Programme which were part of the Rural Development Programme for England. Nationally, a total of up to £110 million is available for financial years 2023 to 2024 and 2024 to 2025.
Huntingdonshire District Council (HDC) has been allocated a total of £957,788, of which £350,000 has been allocated to support the growth of rural businesses.
Link : For more information
What is available?
HDC has made £350,000 available to micro and small businesses that meet the rural eligibility areas as defined in the Defra Magic Map. Please ensure you have checked your project postcode for eligibility before starting your application.
You can apply for capital grants of a project value of up to £150,000. We reserve the right to award greater or lower amounts based on your application, the project outcomes and the quality of evidence provided.
The minimum project value is £10,000 with a grant award of £5,000.
The maximum project value is £150,000 with a grant award of £75,000.
Eligibility
Eligible businesses:
- Are located in the central government-defined Huntingdonshire Rural England Prosperity Fund area. Before you start an application, please ensure you check your eligibility on the Defra Magic Map. View the guide on how to use the map.
- Are a small or micro enterprise employing between 1 and 249 staff
- Trading as a business or organisation whose company type is either: limited liability, limited liability partnership, partnership, sole trader, franchise, social enterprise, or charitable company limited by guarantee
- Must be able to spend the funds by 28 February 2025
- Can fund 50% of the project cost with match-funding from elsewhere
- Are trading and operating within Huntingdonshire and paying business rates or Council Tax.