Welcome. Cllr Richard Chesterton

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1 Welcome Cllr Richard Chesterton

2 Benefits of LEADER to rural communities Cllr Paul Diviani Chairman of Making it Local

3 What is LEADER A bottom-up community led approach to delivering support for rural development via an EU funding programme. Local Action Groups (LAGs) develop their own Local Development Strategy (LDS) which identifies the priorities for their community. Local businesses and organisations then apply for funds to their LAG for projects that help meet the priorities identified in the LDS. The aim is to increase the capacity of local rural communities and business networks, to build knowledge and skills, and encourage innovation and co-operation in order to tackle the objectives identified in the Local Development Strategy.

4 Last programme

5 Achievements

6 2014 LEADER transition year LAGs consulted widely with their communities Used evidence to inform the production of new Local Development Strategies (LDS) 5 th September 2014 submitted LDS to Defra Late November / early December 2014 find out if bid successful

7 Priorities for Support Small enterprises and farm diversification Increasing farm productivity Rural tourism Increasing forestry productivity Provision of rural services Cultural and heritage activity

8 Focus on Jobs 70% of all projects must directly support the rural economy e.g. creating or developing small rural businesses 30% must demonstrate that they are making a contribution to improving the local rural economy e.g. increasing visitors to an area

9

10 Wards in MIL District East Devon Mid Devon South Somerset Taunton Deane Ward Axminster (Rural and Town), Beer and Branscombe, Budleigh,Clyst Valley, Coly Valley, Dunkeswell, Feniton and Buckerell, Honiton St Michael's, Honiton St Paul's, Newbridges, Newton Poppleford and Harpford, Otterhead, Ottery St Mary (Rural and Town), Raleigh, Seaton, Sidmouth (Rural, Sidford and Town), Tale Vale, Trinity, Whimple, Woodbury and Lympstone and Yarty. Cullompton Outer, Lower Culm and Upper Culm. Blackdown, Chard Avishayes, Chard Combe, Chard Crimchard, Chard Holyrood, Chard Jocelyn, Ilminster, Neroche, Tatworth and Forton and Windwhistle. Blackdown, Monument, Neroche, Wellington East, Wellington North and Wellington Rockwell Green and West.

11 Programme Objectives A. Raise business performance and local employment B. Communities and Connections C. Make the most of local resources

12 programme C. 1.8 million

13

14 Wards in REAL Devon District Parish Mid Devon Bampton, Bickleigh, Bow, Bradninch, Brushford, Burlescombe, Butterleigh, Cadbury, Cadeleigh, Chawleigh, Cheriton Fitzpaine, Clannaborough, Clayhanger, Coldridge, Colebrooke, Copplestone, Crediton, Crediton Hamlets, Cruwys Morchard, Cullompton, Down St. Mary, Eggesford, Halberton, Hittisleigh, Hockworthy, Holcombe Rogus, Huntsham, Kennerleigh, Lapford, Loxbeare, Morchard Bishop, Morebath, Newton St. Cyres, Nymet Rowland, Oakford, Poughill, Puddington, Sampford Peverell, Sandford, Shobrooke, Silverton, Stockleigh English, Stockleigh Pomeroy, Stoodleigh, Templeton, Thelbridge, Thorverton, Tiverton, Uplowman, Upton Hellions, Washfield, Washford Pyne, Wembworthy, Willand, Woolfardisworthy, Zeal Monachorum. East Brampford Speke, Huxham, Nether Exe, Poltimore, Rewe, Stoke Canon, Upton Devon Pyne

15 Programme Objectives Support new & existing businesses to be more productive & competitive to enable growth and job creation To realise sustainable & economic potential from our location, environmental & heritage assets Supporting thriving and sustainable communities, with services and facilities to underpin growth

16 programme C. 1.5 million

17 Application process Small grants From 1,000 to 10,000 Match funding required Main grants programme 10,000 upwards Match funding required

18 THANK YOU!

19 print social digital web

20

21 Strategy-led creatives

22 End game Build brands Consolidate customer relations Influence the influencers Reach new prospects

23 Business Forum Mid Devon

24

25 Businesses MDDC

26 Businesses Advisors Funders Trainers

27 Branding is for small clients, too!

28

29 SWOT

30

31

32 print social digital web

33

34 Strategy-led creatives

35 End game Build brands Consolidate customer relations Influence the influencers Reach new prospects

36 Business Forum Mid Devon

37

38 Businesses MDDC

39 Businesses Advisors Funders Trainers

40 Branding is for small clients, too!

41

42 SWOT

43

44

45 The Funding Cocktail Andrew Lightfoot Business Finance Network GAIN Growth Hub

46

47 Thousands of mixtures related to: Trading life cycle: start up, early stage, established & growing, refinance Type of need: start up, equipment, property, expand & grow, international trade, social enterprise Scale: amount & length Debt/equity/grant/incentives

48 Types and providers 1 Loans & overdrafts: start up loans, banks, CDFIs, P2P Trade : asset, invoice (supply chain), lease, export Commercial mortgages: Folk2Folk Crowdfunding: crowdfunder, crowdcube

49 Types & providers 2 Mezzanine: hybrid of loan and equity Equity: crowd sourced, angels, VCT Social enterprise: Unity, Charity Bank, Unltd, Big Lottery, Big Society Capital, Big Issue Invest, Triodos, Lloyds Foundation, SEEDbed, School for Social Entrepreneurs

50 Myriad Grants and Incentives EU sources: LAGs, Strategic Investment Frameworks, area programmes, Horizon 2020 Local sources: GAIN, North Devon +, Inspiras Energy and environment Passport to Export GrowthAccelerator & Growth Vouchers Innovation vouchers Tax relief Apprenticeship Grant

51 Advice and contacts

Business Development Grants & Funding Options David Hinshelwood

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