Micro Food Business Investment Scheme to open in March

Grants of up to £50,000 will be available for micro food and drink manufacturers to expand.

The Department of Agriculture, Environment and Rural Affairs (DAERA) has announced that a £1 million capital grant scheme will open in March 2021, to help existing micro food businesses to upscale production to secure new markets for their products.

The scheme aims to enable eligible businesses to:

• begin supplying to the retail or distribution industry
  
• sell more products to the retail or distribution industry
  
• move into sales outside of Northern Ireland

Grants of between £5,000 and £50,000 will be available. The grants will fund up to 50 per cent of eligible costs of new food processing equipment and machinery or dedicated computer software if essential to the operation to the equipment being purchased.

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Ardean ¦ Funding For Businesses