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The Isle of Wight Rural Fund

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The Isle of Wight Rural Fund is a competitive fund managed by Natural Enterprise on behalf of the Solent Local Enterprise Partnership (LEP).

The Isle of Wight Rural Fund seeks to support the Solent economy by providing grants to rural small and medium sized businesses (SMEs) with potential for economic growth, leveraging in private sector investment, creating or protecting jobs and assisting the rural sector on the Isle of Wight.

The fund was launched in January 2016 and was designed to continue the positive work of LEADER, supporting the Isle of Wight rural economy. To date the Solent LEP has allocated a total of £1,342,500 to the fund for Isle of Wight businesses.

  • Grants are generally available for capital expenditure between £2,500 and £50,000.
  • Grants must be matched with private funds (at least 50% of total costs)
  • All projects need to create and / or safeguard jobs to be eligible.
  • Those projects creating a higher number of jobs will be prioritised.
  • Projects must also demonstrate how they will benefit the Isle of Wight’s rural economy.

Successful business applicants will need to complete their projects and claim the final instalment of their allocated grant as soon as possible but not later than 31 December 2021 and create the agreed jobs by 31 December 2022.

If you believe you have the potential to grow your business or safeguard jobs, but require some extra funding to do so, you may be able to benefit from the fund – for more information and an Expression of Interest Form please email emma.bloomfield@naturalenterprise.co.uk or call us on 01983 296244.

If you require information on how to find local business support please contact us for a list*.

*NB Natural Enterprise do not recommend any one particular business or individual and seeking Business Support is not a funding requirement.