£120 million of funding will be made available to support farmers, grow businesses, and generate thousands of jobs in rural communities.
Rural and farm businesses will soon be able to apply for the next round of the Rural Development Programme for England (RDPE) Growth Programme, which will help new businesses get off the ground and support existing companies to grow, develop new products and access new export markets.
As well as boosting businesses and creating jobs, past RDPE projects have benefited the natural environment – with money granted to Dovecote Farm in Northants helping restore flood-plain meadows and grassland along the Nene Valley, while supporting species like otters.
Confirmation of next steps for the RDPE follows the Chancellors recent guarantee on supporting projects signed before we leave the EU, providing they are good value for money and are in line with domestic strategic priorities.
The £120 million fund will sit alongside recently announced funding for other RDPE projects, including woodland creation and a flood action facilitation fund. Overall the RDPE will help protect 2.5 million hectares of farmed land, create 6,750 rural jobs and contribute to planting of 11 million trees.