Defra have recently launched the Rural Economy Grant (REG) to provide grants to enable a significant ‘game-changing’, transformational performance in farm, forestry, tourism, agri-food businesses and micro businesses in rural areas in England.

The £60 million REG has been established in response to the findings of Defra’s Rural Economy Growth Review (launched in November 2011), which through consultation and an in-depth analysis of a broad range of research, identified large grants (of £25,000 up to circa £1 million) are needed in key business sectors to unlock significant rural economic growth potential.

The REG application process is competitive and those projects offering the greatest return on grant investment will be more likely to be successful.

If you’re thinking of applying you’ll need to be quick. Stage 1 Outline Applications must be submitted by 5.00 pm on the 30 April 2012.

For further details, application forms and guidance see Defra’s website.