Isle of Wight Specific Support

Rural Business Resilience Fund

We have launched a new Rural Business Resilience Fund for Isle of Wight businesses. Natural Enterprise will manage the Fund on behalf of the LEP, with grants available for capital expenditure of up to £2,500.

Grants will be provided to rural small and medium-sized businesses which are looking to develop alternative ways of working during the coronavirus pandemic. The grants must be matched with private funds (50 percent of total costs) and the funding will be provided in advance with full evidence of expenditure having to be provided within three months.

The projects which businesses choose to undertake must safeguard jobs to be eligible and must also demonstrate how they will benefit the Isle of Wight’s rural economy.

Online Support for Island Businesses

A new online page has been created for Island businesses seeking key updates on access to government relief funding during the coronavirus outbreak through the Isle of Wight Council.

The page on the Isle of Wight Council’s website includes an online form for businesses to provide their details to help speed up the process of payment, once the funds are available.

Visit the page here