Rural enterprises fund
Funds have been made available to provide grant aid for capital projects for the county's rural enterprises. The grant will provide assistance to enterprises and sole traders for the development of new and existing business premises, where new jobs are created as a result of the project. Priority will be given to applications that will provide tangible benefits to the local economy in terms of quantity and quality of direct jobs created in key sectors.
What is on offer?
- The grant will be either based on £20,000 per job created or up to the following intervention rates, whichever is the lesser figure: Small Businesses: 45%; Medium Businesses: 35%; Large Businesses: 25%
- The maximum grant is £128,000. In exceptional circumstances this may be increased.
Grants for works to property are available to owners of the freehold interest in the property or to lessees holding a lease that has a minimum of seven years remaining at the anticipated time of final payment of grant. The building to be developed, improved or extended will have to be based in Rural Area of Carmarthenshire as defined in Local Development Strategy for Rural Carmarthenshire.
More from Funding