Delivering Rural Investment and Vital Employment (DRIVE)

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DRIVE supports businesses and the rural economy within Norfolk and Suffolk by providing mentorship and grant funding to allow SMEs to invest within a new business project.

Investment:

Delivering Rural Investment and Vital Employment (DRIVE)

Award:

£3 million

OutComes:

DRIVE is a European Rural Development Fund programme in partnership with Norfolk County Council and Suffolk County Council that provides businesses with access to mentoring support and grants between £5,000 and £30,000 – to assist with up to 40% of a project’s total eligible costs.

Project size: £3 million
Started: 15th October 2020
End date: 30th June 2023
Business engagement dates: February 2021 – July 2022.

DRIVE will support SMEs that have an impact on the rural economy within Norfolk and Suffolk, from start-ups to long established companies, who want to invest within a new project that will develop an organisation’s growth and employment options. A crucial aspect of the programme is the opportunity for an applicant to spend up to 12 hours with a Business Mentor to produce a project plan and to incorporate this into the wider business plan. After completing the mentor engagement, the business will be able to apply for a grant towards their capital investment. The applicant will need to write an application form which will be fully appraised.
A typical application process will take approximately 2-3 months to complete.

For more information visit: DRIVE programme – Norfolk County Council or www.driveforbusiness.co.uk
Alternatively, contact the DRIVE Team via 01603 222643 or www.driveforbusiness.co.uk/

 

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