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Rural Business Investment Scheme

‚ÄčDerry and Strabane Rural Partneship

Budget: £2,586,000

The Rural Business Investment Scheme provides investment support for the creation and development of non-agricultural and non-food activities for micro and small enterprises (e.g. farm diversification, tourism, craft, recreation and other non-agricultural businesses).  The primary objective of the scheme is to create new jobs. Funding is primarily for capital grants with some resource funds towards bespoke training and marketing. All businesses must attend mandatory pre-application workshops.

Click here for an information sheet which provides further details of what is eligible, funding criteria and requirements for applying.

Click here for copy of the press release announcing grants awarded through the first call and second calls 

There have been a total of three calls up to December 2017 with 23 grants awarded totalling £1,226,252 which are creating 69 new jobs.  Click here for a list of all awards to date. 

Call 4 is now open – click here for a copy of the advert for mandatory pre-application workshops taking place in late January/early February 2018.  Please note that this may be the last call under this scheme subject to the availability of funding.  Any businesses interested in applying must attend one of the workshops and complete an Expression of Interest form.  To register a place email: [email protected] 

Who Can Apply?

This scheme is open to rural:

  • Micro and small enterprises
  • New and existing businesses
  • Farmers (for farm diversification)
  • Social enterprises

Scheme at glance:

  • For micro, small and social enterprises in rural areas.
  • For non-agricultural/non-food activities.
  • Primary objective is to create new jobs.
  • Primarily capital grants with some resource funds for marketing and bespoke training.
  • 50% funding available.
  • Grants between £500 and £90,000 depending on activity and size of enterprise.
  • Only one application per business per call.
  • Replacement investments are not eligible (e.g. like-for-like equipment)
  • Potential applicants must attend a pre-funding workshop and be ‘investment ready’ (e.g. business plan, planning permission, match funding and quotations).

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