£1m rural business development aid fund opening in NI

Daera has announced a £1m rural business development aid fund to help micro-businesses sustain, develop and recover from Covid-19 will open next month.

The grant scheme is funded through Daera’s Tackling Rural Poverty and Social Isolation programme and will be delivered in partnership with local councils.

It will provide 50% up to the value of £4,999 for the purchase of capital equipment to help rural businesses remain sustainable and recover from the effects of the pandemic.

See also: What to do if you get an HMRC letter after Covid-19 support

The total project must not exceed £20,000 and must clearly address an issue of rural poverty and/or social isolation.

The funding will also provide the opportunity for some businesses to increase innovation activity and improve their efficiency.

Applications open at 9am on Wednesday 4 May and must be submitted online by 12 noon on Tuesday 31 May.

For more information visit the Daera website.