Dudley Peverill

Why project management is so integral to delivering grant applications

Embarking on a farm diversification journey requires meticulous planning and financial consideration. Farmers and landowners looking to diversify their operations can leverage various funding opportunities, including government support, regional initiatives, private partnerships, and community engagement, to access the diverse funding streams available.

 

As a project manager for various clients, the team at Dudley Peverill are committed to helping clients obtain capital funding through various schemes, such as the Farming Investment Fund (FIF) and the Rural England Prosperity Fund (REPF), particularly for significant capital expenditure items. Our approach involves crafting strategic applications and assisting clients in navigating the complexities of grant funding.

 

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The Rural England Prosperity Fund, previously administered similarly to the Leader or LRP fund, is now led by local authorities. This shift has proven beneficial, as local authorities bring experience in administering capital grants for rural businesses and can prioritise funding based on the needs of rural communities.

Grant percentages and sizes vary depending on the local authority and the allocated central government funding. Typically, grants cover around fifty percent of the total eligible expenditure, with clients often receiving grants ranging from £250,000 to £300,000 for their projects. However, securing grant funding is not without its challenges. Grant applications require meticulous planning and adherence to strict criteria. Applicants must demonstrate how their projects align with grant priorities, justify their funding requirements, and provide evidence of financial viability.

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Timing is another crucial aspect to consider. Delays in planning permissions, environmental constraints, or grant approvals can impact project timelines, potentially leading to missed opportunities or extended completion dates. Effective project management is essential to navigate these challenges and ensure timely delivery.

 

Once grant funding is secured, applicants must fulfil specific conditions before commencing their projects. These may include discharging planning conditions, obtaining necessary licenses or permissions, and demonstrating financial readiness to cover non-qualifying expenditure. Throughout the process, maintaining open communication with grant authorities and stakeholders is vital. Grant agreements often have claiming windows, necessitating prompt action to avoid forfeiting the grant.

 

Once grant funding is secured, applicants must fulfil specific conditions before commencing their projects. These may include discharging planning conditions, obtaining necessary licenses or permissions, and demonstrating financial readiness to cover non-qualifying expenditure. Throughout the process, maintaining open communication with grant authorities and stakeholders is vital. Grant agreements often have claiming windows, necessitating prompt action to avoid forfeiting the grant.

 

Dudley Peverill play a crucial role in guiding clients through the grant application process, from initial assessment to successful project delivery. If you’re considering applying for grant funding or need assistance with your farm diversification project, don’t hesitate to reach out to Dudley Peverill for expert support and guidance.