The Rural Business Development Grant Scheme is to be launched at the start of next month in a bid to help rural micro businesses that have been badly affected by the pandemic and all its ramifications. The new Grant Scheme, which will be open for applications on May 4th, running until May 31st, will hopefully provide some welcome relief to the beleaguered farming community in Northern Ireland.
The Scheme Is Funded Under Northern Ireland`s Department Of Agriculture
Here are the details of the plan as described in an article on the Farming UK website:
`The Rural Business Development Grant Scheme is funded under Northern Ireland’s Department of Agriculture (DAERA).
`The total amount of funding provided to rural businesses under the scheme from 2019 to 2021 is £4.25m, and it will be delivered by local councils.
`It will provide capital assistance of 50% up to the value of £4,999 for the purchase of capital equipment to help rural businesses remain sustainable and recover from the pandemic.
`The grant funding will also provide the opportunity for some businesses to increase innovation activity as well as the efficiency of their rural businesses.
Rural businesses continue to play a vital role in sustaining rural communities and hence their own sustainability at this challenging time is very important.`
Teaming Up With The Farming Community
Here at WHR Accountants we have a long standing reputation of working with the farming community and helping them with their taxes and accounts. We know that farming is much more complicated than most types of businesses when it comes to organising tax affairs and so any help that they can get with this can be a huge weight off their shoulders and there is no doubt that we can often save them a substantial sum of money in the long term.
Farmers cannot expect to manage their farm, working incredibly long hours at times, as well as managing all their tax affairs, it simply isn`t sustainable. They need experienced, professional help from an accountancy business that can handle all of this for them with the minimum of fuss, so that they can get on with running their farm and looking after their animals.
So if you own or manage a farm and at present you do not have an accountant to guide you, now is the time to pick up the phone and get in touch with our dedicated team. Give us a call at our offices here in Armagh on 028 3752 2909.