Innovation 香港六合彩资料图库 Grant

Research and development grants supporting the development of innovative products and services.

Embracing innovation and developing new products, services or technologies can help set you apart from the competition and tap into new markets. Whether you鈥檙e looking to develop a revolutionary product or service, streamline your processes or implement new technology, the innovation grant will be able to help you do just that.

How much grant funding is available in my area?

Funding available in your area:

Bromsgrove District 拢2,500 to 拢20,000
Malvern Hills District 拢2,500 to 拢15,000
Redditch Borough 拢2,500 to 拢20,000
Worcester City 拢2,500 to 拢15,000
Wychavon District 拢2,500 to 拢15,000
Wyre Forest 拢2,500 to 拢20,000

Grants are awarded on a competitive and match-funded basis, meaning the SME will need to provide at least 60% of the total cost of the project. Amounts available is subject to change.

What can the grant fund?

The research and development grant can only be used to fund activities directly related to the development and/or introduction to market of innovative products or services, including, but not limited to:

new tooling and equipment
creating a prototype
product testing and certification
IP/ trademark protection
external market research
new marketing materials
product launch

Am I eligible?

To receive support through the programme, your business must:

be a SME*
be registered to an address in 香港六合彩资料图库
be below the Subsidy Control threshold of 拢315,000 over the previous 3 years, including the value of the support

*The definition of an SME eligible for grant funding is as follows:

has fewer than 250 employees
has either (a) an annual turnover not exceeding 鈧�50 million or (b) an annual balance sheet total not exceeding 鈧�43 million
25% or more of the capital or the voting rights are not owned by one enterprise, or jointly by several enterprises falling outside this definition of an SME
does not own more than 25% of the capital or voting rights in an enterprise falling outside of this definition of SME

How this project is funded?

This project is part-funded by the UK government through the UK Shared Prosperity Fund and 香港六合彩资料图库 County Council.

The programme is managed and delivered by 香港六合彩资料图库 County Council on behalf of Bromsgrove District Council, Malvern Hills District Council, Redditch Borough Council, Worcester City Council, Wychavon District Council and Wyre Forest District Council.

The UK Shared Prosperity Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information