Delivering £3.8 million investment to drive innovation across the South Midlands
£835,499 funding awarded
22 new jobs created
198,456 tonnes of CO2 saved
18 businesses supported
The Growing Innovation Fund is designed to fuel business innovation by providing financial support to ambitious companies in the South Midlands region. The Grants are for businesses looking to develop innovative new products, services or processes, and support decarbonisation ambitions to enhance business resilience.
By accessing this funding, businesses can invest in R&D, prototype creation, technology adoption, and other innovation-focused initiatives that drive competitiveness and propel growth.
Transform your business with government-backed funding
Perfect for: Businesses looking to increase resilience through diversification, sustainability and investment in technology
Available funding
£100,000 – £300,000
To be used on
Unlike business loans, the Growing Innovation Fund is a capital grant fund, meaning you don’t need to repay the money awarded. Instead, you’ll be required to provide match funding of at least 50% of all funds awarded.
To find out if your business is eligible for a grant, complete an Expression of Interest.
If your Expression of Interest is successful, you’ll be invited to full appplication. We strongly recommend that you read through all capital grant information, and speak to a business adviser before proceeding with your application.
If you have any immediate questions, contact our business adviser team.
The Expression of Interest window has now closed.
Speak to a business advisor before submitting your Expression of Interest. A business adviser will be able to provide guidance on the application process and whether your project will be eligible
Read the eligibility guidance notes to gain a thorough understanding of the funding programme
