 Funding and
grant rates
- LEADER+ funds have to be match funded from public,
private and or own resources
- Other sources of match funding can either come from
public (e.g. Rural Development Agency, Countryside Agency, Local Authority,
County Council, Lottery, etc.)
- 'In kind' contributions can be counted as an
element of match funding as well.
- The LEADER+ grant rate available varies according
to the type of project and the need but the maximum rate is 50%.
- The Local Action Group have a discretionary pot of
match funding (DEFRA) for projects that strongly fit the LEADER+ criteria but
do not have other sources of match funding available.
- As a general rule the amount of grant awarded will
be the minimum required to enable the project to proceed.
- The grant can only be paid once money has been
spent so any grant to a project is paid in arrears on receipt of a complete and
accurate claim.
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Revenue
Costs
These costs include items that are classed as non-capital
expenditure (e.g. acquisition of marketing skills/business support, project
management, leasing of premises).
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Capital
Expenditure
LEADER+ is not intended as a capital programme
although small scale capital expenditure, where it is integral to the success
of a project, is eligible. Small-scale capital expenditure should normally be
part of a wider project rather than a stand alone project in itself. For
example, computer equipment as part of an IT technology project or, small scale
building renovations as part of project on shared services.
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Bank Rolling
All grants are claimed
retrospectively and it may be difficult for some projects to secure funding
from the outset. This may cause cash flow problems, particularly at the start
of any project. The LAG is prepared to consider reasonable requests for
advances of funds. This money will be made available by the County Council
although each request will be judged on its merits.
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Project Benefits and Impact
All projects must contribute towards the Lincolnshire Fenland LEADER+ objectives and fit within the LEADER+ programme as a whole.
- Helping rural communities to help
themselves
- Helping to create sustainable rural
economies
- Improving the quality of life
- Protecting and enhancing the natural and cultural
heritage
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Project Development
Funding is available as a separate delegated grant scheme, to enable potential projects to carry out market research, feasibility studies, develop project proposals and other relevant activities.
This grant scheme is appropriate If any of the following relates to your project idea:
- Needs research and development before putting forward the stage 2 application
- Is of a small scale pilot nature
- Needs help which requires financial assistance to write the project proposal
Maximum total project costs allowed up to £9,000, two thirds of the cost is grant aided.
The match funding can be private monies and or contributions in kind of goods and
or services
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