Timber Business Investment Scheme | Financial support through the RDP


Timber Business Investment Scheme | Financial support through the RDP

Are you involved with the timber industry? Are you aware of the current funding opportunity available through the Welsh Government?

The Rural Development Programme (RDP) 2014 – 2020 provides support to rural communities and business in a number of areas including forestry. Currently the expression of interest window is open until the 28th April 2017 for the Timber Business Investment Scheme. It’s time to make the most of the financial support available through the RDP.

Investments supported by the scheme must be related to improvements in value in forests, for example by enabling woodland management activities, timber harvesting and/or in-forest or small-scale timber processing.

Support is available for tangible assets such as machinery and buildings as well as intangible assets such as computer software.

This scheme alongside other RDP schemes have expression of interest windows which open and close on a regular basis. If your business would benefit from this financial support but is perhaps not ready to submit for the current window it is a good idea to prepare for the next grant funding opportunity – why not write a wish list and maybe gather together supporting documents.

Baileys and Partners can give guidance and support with grant scheme applications. For the Timber Business Investment Scheme, consultancy fees for preparation of applications are not eligible but they can form part of reclaimable costs for the delivery of the assets, for example consultancy services for planning applications or statutory permissions.

http://gov.wales/timber-business-investment-scheme/

Submit a Comment

Your email address will not be published. Required fields are marked *

Share This