Fermanagh South Tyrone Sinn Féin Sinn Féin -- Building an Ireland of Equals

Rural Business Investment Scheme a boost to rural economy - O'Reilly

Published: 14 October, 2014

Erne East Sinn Féin Councillor Tom O'Reilly has called on entrepreneurs in rural areas to get ready for the new £27 million Rural Business Investment Scheme, which is expected to be open for applications in Spring 2015.

Mr. O'Reilly said,

"I welcome the Ministers announcement that the draft Rural Development Programme is being finalised and is expected in October.

"The new Programme will have £27 million earmarked for a Rural Business Investment Scheme aimed at creating and developing non agricultural activities in rural areas.

"This is an exceptional opportunity for people who have a business idea or established businesses who want to grow and develop.

"Rural businesses face additional challenges compared to their urban counterparts such as higher transport costs, poor infrastructure, smaller population centers', planning constraints and sporadic broadband coverage.

"The Rural Business Investment Scheme which should not be confused with the larger Farm Business Improvement Scheme aims to create more Small Medium Enterprise's in rural areas and is open to everyone who has a business proposal.

'I strongly advise people who are considering applying to the new scheme to start working on their business cases now and get professional help from organisations such as InvestNI.

"In these bleak economic times, this new programme represents a great opportunity for job creation and regeneration in rural areas."