Chamber News
Latest FPMC funding round announced
24 May 2022 • Sarah Medcraf
Applications are now invited for a fund to support Scottish food and drink suppliers and producers to invest in future growth.
The annual Food Processing, Marketing and Cooperation Grant Scheme (FPMC) enables investment across a range of projects including buildings and equipment, feasibility studies, co-operative ventures and the improvement of supply-chain efficiency.
A total of £10.2 million is available in this financial year to support initiatives that will safeguard jobs and increase efficiency within the sector.
Applicants to the scheme will be asked to demonstrate the benefits their project will provide to the local economy. This includes shortening supply chains, increased use of local produce and markets and benefits to the wider local economy.
Businesses will also be asked to demonstrate their commitment to the principles of fair work and outline the ways their proposed projects will contribute to net zero.
Background
The Food Processing, Marketing & Cooperation Grant Scheme (FPMC) is one of a number of funding schemes which make up the Scottish Rural Development Programme. The scheme provides grant funding to businesses (or groups of businesses) within the Scottish food and drink sector to enable them to:
- develop or create food processing facilities, including buildings and equipment
- market products in home and export markets
- run pilot projects and feasibility studies
- to run co-operative ventures to ensure more value is retained by both farmers and growers
to improve supply-chain efficiency.