Grant for Research & Development Clive Grunsell Grants for Business Manager

Why ? Address a MARKET FAILURE that can only be addressed by public sector intervention, because it is very difficult to secure private funding on technically risky, or scientifically uncertain projects. The project must have an identified technical risk, or contain scientific uncertainty that will need to be resolved by an innovative step, by undertaking R & D. By offering a grant, we will share the technical risk with the applicant.

Address a MARKET FAILURE that can only be addressed by public sector intervention, because it is very difficult to secure private funding on technically risky, or scientifically uncertain projects.

The project must have an identified technical risk, or contain scientific uncertainty that will need to be resolved by an innovative step, by undertaking R & D.

By offering a grant, we will share the technical risk with the applicant.

Objective Grant for Research and Development aims to help individuals starting up businesses and SMEs already based in England carry out research and development work on technologically innovative products and processes. Open to SME’s only, as defined by the European Commission, further guidance at http://europa.eu.int/comm/enterprise/enterprise_policy/sme_definition/sme_user_guide.pdf

Grant for Research and Development aims to help individuals starting up businesses and SMEs already based in England carry out research and development work on technologically innovative products and processes.

Open to SME’s only, as defined by the European Commission, further guidance at http://europa.eu.int/comm/enterprise/enterprise_policy/sme_definition/sme_user_guide.pdf

Objective By offering a grant towards the costs of carrying out the research and development work, the grant will encourage businesses to carry out projects that they would not necessarily undertake without the grant. This will help lever in to these projects, finance from reluctant private investment sources to help fund the project. On completion, the grant will “ quality assure “ the project, which could make the applicant more investment ready.

By offering a grant towards the costs of carrying out the research and development work, the grant will encourage businesses to carry out projects that they would not necessarily undertake without the grant.

This will help lever in to these projects, finance from reluctant private investment sources to help fund the project. On completion, the grant will “ quality assure “ the project, which could make the applicant more investment ready.

Timings There are no call dates for submitting your application. We are open for business 365 days a year to receive your application. The scheme is non competitive. Decisions are made within 60 days, from a fully completed application being received.

There are no call dates for submitting your application.

We are open for business 365 days a year to receive your application.

The scheme is non competitive.

Decisions are made within 60 days, from a fully completed application being received.

Support Available 4 levels of support are available from £20,000 to £500,000 Micro Research Development Exceptional Development

4 levels of support are available from £20,000 to £500,000

Micro

Research

Development

Exceptional Development

Micro Projects Helps to develop a simple low cost prototype of a new product or process which involves technological innovation or novelty. Maximum grant available £20,000 Grant rate – 45% support Eligibility – up to 10 employees

Helps to develop a simple low cost prototype of a new product or process which involves technological innovation or novelty.

Maximum grant available £20,000

Grant rate – 45% support

Eligibility – up to 10 employees

Research Projects Helps to access the technological and commercial feasibility of turning innovative technology into a new product or process. Maximum grant available - £100,000 Grant rate – 60% support Eligibility – up to 50 employees

Helps to access the technological and commercial feasibility of turning innovative technology into a new product or process.

Maximum grant available - £100,000

Grant rate – 60% support

Eligibility – up to 50 employees

Development Grant Helps to develop a pre-product prototype of a new product or process involving a significant technological advance. Maximum grant available £250,000 Grant rate – 35% support Eligibility – up to 250 employees

Helps to develop a pre-product prototype of a new product or process involving a significant technological advance.

Maximum grant available £250,000

Grant rate – 35% support

Eligibility – up to 250 employees

Exceptional Development Helps with the development of a new technology that is strategically important to an industrial or technology sector. Maximum grant available £500,000 Grant rate – up to 35% support Eligibility – 250 employees

Helps with the development of a new technology that is strategically important to an industrial or technology sector.

Maximum grant available £500,000

Grant rate – up to 35% support

Eligibility – 250 employees

Other sources of funding Northwest Small Business Loan Funding of £3,000 to £30,000 for businesses unable to access funding through traditional routes Northwest Business Angels Advice, support and a gateway to business angels and funding between £10,000 and £500,000 Northwest Venture Capital Schemes Range of venture capital schemes offered support from £50,000 to £1m Selective Finance for Investment (SFIE) Capital investment in plant, equipment, machinery & buildings, from £10k to £2m

Northwest Small Business Loan

Funding of £3,000 to £30,000 for businesses unable to access funding through traditional routes

Northwest Business Angels

Advice, support and a gateway to business angels and funding between £10,000 and £500,000

Northwest Venture Capital Schemes

Range of venture capital schemes offered support from £50,000 to £1m

Selective Finance for Investment (SFIE)

Capital investment in plant, equipment, machinery & buildings, from £10k to £2m