£1.5 million funding programme opens for business

(Last Updated On: May 24, 2016)

A programme offering funds for rural business projects has been awarded over a million pounds and is now open for applications.

The South Devon Coastal Local Action Group (LAG), who run the funding programme, has been awarded just over £1.5 million to provide funds for small businesses or businesses in rural services, farming and forestry, tourism, culture and heritage.

The focus of the funding programme is to create local jobs and to help the rural economy to grow.

The LAG partnership invest in projects along the rural coast covering the South Hams and Teignbridge areas and aim to help local businesses grow, employ more people and help our communities become more sustainable, developing our local identity and benefiting the broader South Devon economy.

Chairman of the South Devon Coastal Local Action Group, John Yeoman, said: “If you have a business that you are looking to start up or expand and that will create jobs, this funding programme provides an excellent opportunity to assist you with your business development, growth and to increase productivity”.

Cllr Michael Hicks, South Hams District Council’s Portfolio Holder for Strategy and Commissioning, added: “The LAG funding is a remarkable opportunity for rural businesses who wish to grow in the South Hams and I urge anyone who runs a local business to apply for funding.

“Projects which receive funding, support the local economy, increase job growth in the district, boosting our rural industries and coastal communities and this is great news for our local economy.”

Anyone wishing to apply for funding should first visit the LAG website to see whether their project meets the criteria and then complete a simple project ideas form:http://drcompany.co.uk/local-action-groups/sdclag/

This funding has been made available for the LAG programme by the Rural Development Programme for England.


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