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Launch of new grant scheme to help small businesses in Ryedale

Ryedale District Council is inviting small and medium businesses in the district to apply for grants of up to £5,000.

The Ryedale Small Business Development Grant Scheme has been developed by the Council to help with start-up costs for new enterprises or to assist existing businesses.

The scheme will help businesses across the district recover from the effects of the COVID-19 pandemic.

Any businesses based in Ryedale with less than 250 employees can apply for the grant to help them set up, grow and strengthen their existing market position, expand into new markets or address recruitment or skill shortages.

A total of £30,000 has been made available with a maximum of £5,000 for each application.

The money can be used for many things including to help towards the cost of new machinery and equipment, marketing, digital projects and recruitment.

It is hoped the scheme will allow businesses to grow and diversify following the pandemic.

Phillip Spurr, Director of Place and Resources for Ryedale District Council, said: “The pandemic has forced many businesses to adapt their ways of working and many are finding this needs to be a long term change.

“We hope that this grant funding will help Ryedale’s small businesses to continue to make these transitions, and assist new start-ups in entering the market.

“Ryedale is very fortunate to have a diverse range of small businesses and these grants are a means of giving a boost to our local economy.”

More information including details of what the scheme will and will not fund can be found on the Council’s website.

Businesses interested in applying must complete the online application form which can be found at www.ryedale.gov.uk/ryedale-small-business-development-grant-scheme

Applications open on 6 December 2021 and close at midnight on 31 January 2022.