Finance Praseeda Nair · 30 October 2017
Government targets rural productivity boost with 40m grant fund for farmers
Britain’s farmers have been invited to apply for a share of a new 40m grant fund to invest in cutting edge technology and new equipment as the government bids to drive rural productivity. The fund, available via the Countryside Productivity Scheme, will be delivered as part of the 200m Rural Development Programme for England (RDPE) and is the second phase of the Large Grants scheme announced in July 2017. Under the scheme, the government has made grants available for livestock, dairy, arable and horticultural farmers to help grow their business by investing in new technologies, such as robotics, to reduce costs or improve product quality. Read more:?Three rural entrepreneurs proving a business can thrive in the countryside The government has claimed farmers have the chance to make diverse investments, from robotic milking machines to green technology. Funds are also available for new equipment and machinery to improve the processing of milk, meat and fruit. Announcing the fund at the 2017 World Dairy Summit in Belfast, environment secretary Michael Gove said the grant would help create more exporting opportunities for business owners and boost Britain’s economy. farmers truly are the backbone of our rural economy and as the original friends of the earth, we want to support them to grow more, sell more and export more great British produce all while doing good for our environment, Gove said.
ABOUT THE EXPERTPraseeda Nair
Praseeda Nair is an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.