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Peak Innovation Micro Growth grant - Tourism

Small capital grants for micro enterprises (with less than 10 employees or sole traders) including for diversification of farm enterprises for the development and promotion of the visitor economy.

Small capital grants for micro enterprises (with less than 10 employees or sole traders) including for diversification of farm enterprises for the development and promotion of the visitor economy to develop local tourist attractions and development of local visitor experiences.

Objective: to create jobs and boost community cohesion enhancing visitor economy and leisure opportunities.

Minimum grant £1, 000

Maximum grant £10,000

A larger grant may be considered in exceptional cases where grant funding is necessary for the project to proceed and deliverables are substantial.

The grant rate will be up to 80% of total eligible project cost.

This grant is part funded by Rural England Prosperity Fund for capital only grants. The total REPF fund for all applications is £100,000.

Total fund from UKSPF is £38,333.

Micro enterprises must satisfy two or more of the following requirements in a year:

  • Annual Turnover under € 2m (you will need to check the latest exchange rate of euro to £)
  • Balance Sheet Total under € 2m (you will need to check the latest exchange rate of euro to £)
  • Number of employees: a headcount of staff of not more than 10

Expected deliverables may include:

  • Jobs created
  • Jobs safeguarded
  • Increased turnover

Further details of general business grant guidance can be found in the UKSPF Business Grant Guidance document.

For further information please contact UKSPF@highpeak.gov.uk