Measure Three - Investment in Enterprise

The objective of this measure is to provide capital investment for new and developing rural enterprise, which will make a valuable contribution to current and future rural economic development.

Consultation has identified a gap in the availability of capital assistance. The LEADER+ initiative points to the support of innovation and new business start up and development, which very often is accompanied by high-risk ventures. The support therefore of such businesses cannot always be gained from traditional sources. However, all financial support possibilities must be explored.



Sub Measure COL 3.1 Business Innovation Investment Programme

This measure has been designed for new businesses, which require capital investment.

What will it fund?
This measure will provide investment in new rural micro enterprise development. This will be for innovative private sector development only.

Possible Actions
Capital Grants for new innovative business development

Level of Assistance
Assistance will be offered at a rate of 40% of eligible costs, up to a maximum of £50,000.

Application Process
Emphasis will be placed on projects emerging through Stage 1, Human Resource Development and Stage 2, Research & Development Programmes.

Particular emphasis on women, youth and farm family based enterprise development through higher scoring priority.

Part A of the application form must be completed ‘online’. This can be done by accessing the following website, www.eugrants.org. Once completed online, and submitted, this Part will automatically be forwarded to COLLAGE Ltd.

Part B of the application form can be downloaded from the above website (www.eugrants.org) or COLLAGE Ltd’s own website www.collage-ltd.com and either complete by hand or word-processed and a signed copy submitted to COLLAGE Ltd.

Please Note
A full application will only be acknowledged on receipt of both parts (Part A and Part B) of the application.


Sub Measure COL 3.2 Business Innovation Expansion Programme

Small businesses, which are innovative in nature, may require capital investment to aid in their expansion.

What will it fund?
This measure has been designed specifically with this in mind and has been developed in conjunction with measure 1 of this theme, but will focus more on the expansion of the business through the purchase of equipment for example.

Possible Actions
Capital Grants for innovative business expansion

Level of Assistance
Assistance will be offered at a rate of 40% of eligible costs, up to a maximum of £50,000.

Application Process
Emphasis will be placed on projects emerging through Stage 1, Human Resource Development and Stage 2, Research & Development Programmes.

Particular emphasis on women, youth and farm family based enterprise development through higher scoring priority.

Part A of the application form must be completed ‘online’. This can be done by accessing the following website, www.eugrants.org. Once completed online, and submitted, this Part will automatically be forwarded to COLLAGE Ltd.

Part B of the application form can be downloaded from the above website (www.eugrants.org) or COLLAGE Ltd’s own website www.collage-ltd.com and either complete by hand or word-processed and a signed copy submitted to COLLAGE Ltd.

Please Note
A full application will only be acknowledged on receipt of both parts (Part A and Part B) of the application.

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