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A grant funding scheme to help businesses recover from the impact of coronavirus opened for applications early this month.

The European Regional Development Fund Programme will distribute grants of between PS1,000 and PS5,000 to small and medium-sized businesses to help with access to new technology and other equipment as well as professional, legal, financial or other advice to help businesses get back on track.

The scheme, which has been allocated PS20 million, is being administered by the 38 growth hubs led by Local Enterprise Partnerships across the country, all of which are being awarded a minimum of PS250,000.

While open to all small and medium-sized businesses, this grant funding is a good opportunity for farmers and rural business owners to invest in some relatively low capital cost equipment or professional advice that could make a real difference as they recover from the impacts of Covid-19.

Businesses will need to provide a quote for any work or purchases they intend to fund, and work must not have started on the project or goods been purchased. To have the best chance of securing a grant, businesses should prepare now.

? Rhydian Scurlock-Jones is head of rural at Savills in Telford

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Publication:Shropshire Star (Shropshire, England)
Date:Sep 7, 2020
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