The announcement was made today by Alun Davies, Deputy Minister for Agriculture Fisheries, Food and European Programmes, who said the funding will be allocated between the Processing and Marketing Grant Scheme (PMG) and Supply Chain Efficiencies Scheme (SCE), which are part of the Rural Development Plan for Wales 2007-13.
Approximately £2 million is available for each scheme and will be allocated through a competitive bidding round.
Mr Davies described it as an important boost:
“Both these schemes have been highly successful in helping businesses develop and market new products and build and develop local supply chains that help spread the economic benefits wider in our rural communities.
“I am pleased to announce this additional funding today that is designed to help businesses become more competitive and sustainable by developing new products and accessing new markets, both creating and safeguarding jobs and encouraging collaboration between companies.”
It is anticipated there will be significant demand for the grant available and businesses are now invited to submit outline proposals for new or additional investments.
The applications will be assessed against criteria that includes economic benefits, job creation and the contribution that is expected to be made towards the objectives of the RDP.
Applications will be accepted from eligible SME businesses with proposals for new PMG Scheme projects. Applications to the SCE Scheme will be accepted from existing and new project sponsors for new projects or new activities that will add value to their current live project.