The LEADER approach is part of the Rural Development Programme for England (RDPE) and is part funded by the European Agricultural Fund for Rural Development (EAFRD).
LEADER FUNDING in Lincolnshire
Rural funding for businesses available now
Funding is available for businesses to purchase equipment in rural areas – but you need to act quickly.
LEADER funding is available in four parts of Lincolnshire - the Coastal Action Zone, Lindsey Action Zone, Kestevens and Wash Fens.
Businesses, farmers, foresters and those involved in tourism, heritage and community initiatives can apply for LEADER funding for projects that will create jobs or growth in the local rural economy.
The call for expressions of interest is open until Sunday 9 August midnight for applications to purchase capital equipment only. You must be able to complete your project by 31 December 2020.
Cllr Colin Davie, Executive Councillor for Economy and Place at the County Council, said:
"This is a great opportunity for rural enterprises to get a boost. These four areas of our county all present challenges compared to urban areas. It's important they are supported with employment and growth opportunities so they can thrive."
It's highly recommended that anyone interested talks to the Lincolnshire LEADER team before filling in the expression of interest form.
You can email LincsLEADER@lincolnshire.gov.uk with your phone number and a member of the team will call you back to discuss your project.
For more information about LEADER funding, please visit www.lincolnshire.gov.uk/grants-funding/leader-funding
Some of the businesses who are already benefitting from LEADER funding speak about their experience on our case study videos. To view these please click here.
If you are considering making an application you should note that Full Application stage will involve a rigorous assessment of your project and you will need to submit a comprehensive collection of supporting evidence including:
- Three like for like comparable quotes for every item of expenditure over £1500 (2 quotes for items under £1500). Each supplier's quote must be based on the same specification i.e using the same materials, the same measurements and for items that have the same power/capacity and the same level of functionality
- The last three years financial accounts for your business and any linked businesses OR for a new businesses, latest tax returns (where available) or an opening statement from a qualified accountant
- A quarterly cash flow forecast for the period of project delivery (while you are completing the works and incurring and expending the grant related costs) and a profit and loss forecast for 3 years following completion of the project works. A spreadsheet template will be provided for this.
- Evidence to show that match funding is in place eg a loan agreement, offer of funding or bank statements where "own funds" are to be used.
- Research to show there is real need and demand for what you want to do
Successful EOI applicants who are invited to submit a Full Application will be offered the opportunity to attend a webinar to help with the development of their application. A choice of dates will be available.
- Time and costs incurred in the completion of your application are at your own expense and risk.
- Grant payments are made in arrears and you will need to be able to bankroll your project and pay for the items in full before submitting a grant claim. You will be required to submit documentary evidence to verify this (eg bank statement, overdraft facility). Up to three separate grant claims can be made per project.
- We will look for projects that meet the national and local priorities for funding, and will decide which meet the criteria the best. This means grants are not awarded automatically to all applicants.
- Should your project be approved you will be required to trade for 5 years from the financial completion date, as stated in your contract, and create all outputs as detailed in your Full Application. Failure to comply with this could result in potential clawback of grant.