Rural Business Growth Fund

Capital grant support for businesses based in Babergh or Mid Suffolk to help them to grow and create new jobs.

From:
Department for Business and Trade
Published
16 October 2024
Type of support:
Finance and Grant
Business stage:
Start-ups (1-2 years trading) and Established
Industry:
Agriculture and food, Business and finance, Construction, Education and Health
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Hospitality and catering, IT, digital and creative, Life Sciences, Manufacturing, Science and technology, Service industries, Transport and distribution, Travel and leisure, and Wholesale and retail
Number of employees:
0 to 9 employees and 10 to 249 employees
Region:
Eastern

Who it’s for

SMEs (small and medium-sized enterprises) located within Babergh or Mid Suffolk that:

  • employ fewer than 250 people
  • have a turnover of less than €50 million (about £42 million) or
  • have an annual balance sheet less than €43 million (about £35 million)

What you can get

The Rural Business Growth Fund can support:

  • net zero projects, for example, solar panel installation or energy efficiency improvements
  • SME investments and diversification, for example, specific equipment and machinery or refurbishment of premises
  • agriculture and farm diversification – projects that enable farming businesses to diversify into non-farming activities or complement the underlying farming business, for example, converting an old farm building into other commercial or business uses
  • visitor economy business expansion, for example, creating event venues or hospitality facilities, and developing local visitor trails

How much you can get

£5,000 to £30,000

Maximum employees

249

Organiser

Babergh and Mid Suffolk District Councils

Find out more

Updates to this page

Published 16 October 2024
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