Next month will see the launch of the Rural Economy Grant Scheme, worth up to £60m. It will deliver grants of up to £1m to micro, small and medium-sized businesses to boost farm competiveness.
It will support significant growth for agri-food, rural tourism, forestry, renewable energy and high-growth sectors, says Savills.
The REG is another measure to be introduced under the Rural Development Programme for England (RDPE) and adds to the Farming and Forestry Improvement Scheme (FFIS) launched in November 2011.
The FFIS has £20m to provide capital grants of up to 50%, depending on region.