10/11/2015

Call For Rural Businesses To Prepare For Opening Of Investment Scheme

Rural businesses and communities are being encouraged to apply and prepare in advance for the launch of the Rural Business Investment Scheme.

Rural Development Minister Michelle O'Neill was speaking at a Rural Business Investment Seminar in Aghagallon, Lurgan on Monday.
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Minister O'Neill said: "The LEADER element of the Rural Development Programme, administered on behalf of my Department by 10 Local Action Groups (LAGS), is worth approximately £70 million and will make a significant contribution to the economic growth of our rural areas and help sustain vibrant rural communities.

"The Rural Business Investment Scheme, an important element of LEADER, is worth up to £27 million and will provide much needed investment support for the creation and development of micro and small enterprises, including diversified farm businesses and private tourism businesses, in rural areas.

"In addition, funding to support Rural Basic Services, Village Renewal, Rural Broadband and LEADER Co-Operation will help develop our rural economies to enable them to thrive and prosper."

(CD)

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