The LEP has been allocated £8,782,191 from the European Agricultural Fund for Rural Development (EAFRD) to help stimulate growth, develop skills and boost the local economy through rural businesses.
It is expected to be used to develop knowledge and skills in rural areas and fund new and developing rural businesses not connected to agriculture. It will also fund small-scale renewable and broadband investments improving infrastructure as well as supporting tourism activities in rural areas.
Ruth Carver, Manager of the Greater Lincolnshire LEP, said: “This is an important allocation for us to get and one we worked hard for, so we are delighted with this award.
“We invested a lot of time in lobbying on a national level to make it clear that Greater Lincolnshire, as a largely rural region, deserved to be given an amount which reflected our needs. This funding will go a long way towards securing the economic future of our area, allowing us to build and strengthen the local economy in a sustainable way.”
This latest round of funding complements £110 million from the European Regional Development Fund (ERDF) and the European Social Fund (ESF) announced in June which will be used to provide training schemes, fund support for local businesses and enable economic development projects, such as the creation of much-needed business premises and other infrastructure.
Read the plan
The first draft of LEP's ambitious plan has been published. Its aim is to increase the value of the local economy by £3.2 billion by 2023. Read the draft plan.
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