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Introduction

This addendum refers to the Rural Business Investment Scheme – Non Agricultural:  Window 2 Guidance Notes published July 2021 only. The addition is made to the Stage 1 - Assessment for Selection section, Value for Money of the original booklet.

Value for Money

Projects are required to provide value for money.  Projects will be ranked against other applications in the window on the basis jobs created and jobs safeguarded within three years of completion of the project (a), divided by the requested grant value (thousands) (b).

E.g. a project anticipating 2 jobs created and jobs safeguarded in 3 years requesting grant of £20,000 would have a (a/b) value of 0.1, a project anticipating 5 jobs created and jobs safeguarded in 3 years requesting grant of £40,000 would a (a/b) value of 0.25.

(a/b) values for all projects in the window will be ranked in numeric order and scores allocated as shown below:

Score  
4 Jobs created and jobs safeguarded/grant (a/b) is the top 0-20% of Applications
3 Jobs created and jobs safeguarded/grant (a/b) is the top 21-40% of Applications
2 Jobs created and jobs safeguarded/grant (a/b) is the top 41-60% of Applications
1 Jobs created and jobs safeguarded/grant (a/b) is the top 61-80% of Applications
0 Jobs created and jobs safeguarded/grant (a/b) is the top 81-100% of Applications

The following change has been applied in this addendum to the above Value for Money Section.

The Value for Money selection scores of 0 or 1 applied at Stage 1 appraisal can be considered for amendment to take account of relevant information provided about the project in the application.

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