Available to both small and medium-sized enterprises (SMEs) and large companies, the Innovation 4 Growth scheme will part fund research and development projects with grants of between £25,000 and £150,000.
Financed by the UK government’s Regional Development Fund, it will help businesses develop new or improved products, technologies, processes or services - safeguarding existing, or creating additional, jobs as a result.
Speaking at the launch of the initiative on the University of Bristol's Frenchay Campus, Professor Martin Boddy, Pro-Vice Chancellor, Research and Business Engagement said, ‘We are delighted to offer support to promising enterprises across the South West. Not only in the Bristol area, but right across the region - from Truro to Tewkesbury, Bideford to Bournemouth - the fund will enable us to help businesses innovate and grow. Any company with plans for research and development, or thinking about an innovative project should consider applying. We would typically fund 35% of project costs for SMEs, and a bit less for larger companies – so a significant portion of expenditure can be claimed.
Businesses should complete the brief online registration of interest form in the first instance. An advisor will then contact them within three working days to discuss the potential application and to organise further telephone or face-to-face support, if required.
Further details of the scheme and the registration of interest form can be found at: www.innovation4growth.co.uk
Back to Marjon News