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McAleer urges people to get ready for Rural Business Investment Scheme

23 June, 2015 - by Declan McAleer

Sinn Féin MLA Declan McAleer has encouraged anyone thinking of starting a business in a rural area to familiarise themselves with the Rural Business Investment Scheme. 

Speaking after hosting an information seminar in Mountfield which was attended by representatives of more than 80 rural businesses, Mr McAleer said; 

"The seminar was designed to help individuals and groups with a business idea get prepared for the upcoming Rural Business Investment Scheme.  

"Participants were addressed by representatives of DARD, Omagh Enterprise Company, the Rural Development Council with contributions from LAG members, Omagh Forum for Rural Associations and the Rural Community Network.

"The main points which arose was the importance of having a clear business idea, match funding, having necessary statutory approvals in place and having a business case prepared. 

"These are absolute requirements for applying to the Rural Business Investment Scheme.  They were also the reasons why some applicants were unsuccessful in the last programme. This is something we want to avoid in the new round, particularly in the current economic climate.

"The other strong piece of advice emerging from the session was the importance of engaging with Local Action Groups who are currently in the process of formulating a local development strategy for rolling out the programme. 

"The Rural Business Investment Scheme is a great opportunity for economic and social development in rural areas.  I strongly encourage people to familiarise themselves with the programme and get prepared now to apply to the funding measures when they open for applications in the autumn.”

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