GROWING INNOVATION FUND

Delivering £3.8 million investment to drive innovation across the South Midlands

To be used on

  • Plant, equipment and machinery acquisition
  • Product diversification
  • Equipment to support new product/service development
  • A change to the overall production process of an existing business

No repayment required

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.

Top Tips

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

DOWNLOADS AND LINKS

GROWING INNOVATION FUND APPLICATION PROCESS OVERVIEW:

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Submit an Expression of Interest via online form.

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If you are invited to apply, complete and submit a full application with supporting evidence

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Grant Panel review and decision based on funding criteria.  Where approved an offer letter sent to applicant