BUSINESSES in Richmond and Catterick Garrison stand to benefit from a cash boost of up to £25,000.
The funding - from Richmondshire District Council and Yorkshire Forward - will help stimulate private investment in the Renaissance Market Town (RMT) area of Richmond and Catterick Garrison.
A lot of what we do matches the aims of local businesses
Russell Lord - Richmondshire District Council
The funding represents further good news for business in Richmondshire, after statistics showed that as of September 2007, unemployment in the district was just one per cent - one of the lowest rates in the country.
Grants of between £1,500 and £25,000 will be awarded to innovative business schemes - for example, those that will create new jobs, reduce carbon dioxide emissions and support and complement other RMT initiatives. The cash can be used to pay for up to 50 per cent of the total project cost.
Councillor Russell Lord, Member Champion for Catterick Garrison and Richmond RMT, said: "The RMT Business Grant Scheme is an opportunity for us and the private sector to work together to ensure that Richmond and Catterick Garrison remain vibrant, attractive and sustainable service centres for the whole of Richmondshire.
"A lot of what we do matches the aims of local businesses - whether it's creating new jobs, boosting productivity, tackling climate change or increasing business confidence. This scheme supports our objectives and those of the businesses who receive grants through it."
Richmondshire District Council Delivery Officer Sue Kelly said: "The aim of the grant scheme is to encourage capital investment to improve business productivity and competitiveness. We are hopeful that this new scheme, with a simpler and much faster application process, will be popular among local businesses."
There are some eligibility criteria for the RMT grants, and so any businesses interested in applying for a grant should phone Sue on 01748 827038 or email email@example.com.