SME funding and support to meet innovation ambitions
Research, development and innovation can help your business adapt for the future, get ahead of the competition, develop commercially attractive products, processes and services to reach new customers, and create jobs.
The West of England Combined Authority’s Business Innovation Fund provides SMEs with tailored support to bring new products, services and processes to market.
The Business Innovation Fund offers funding and guidance for SMEs in all sectors
The Business Innovation Fund supports businesses from a wide range of sectors to help develop innovative projects and products that not only fulfil market demand, but also deliver industrial growth.
- Grants of £20,000 or £50,000 to help progress research and development (R&D) activity.
- An offer of bespoke assistance to help beneficiary companies develop an R&D roadmap.
- Connection with our region’s leading research organisations.
- Access to wider business support through the West of England Growth Hub and our partners.
Check your eligibility below
The Business Innovation Fund is supported with £1,451,825 of funding from the European Regional Development Fund (ERDF), which is part of the European Structural and Investment Funds 2014-2020. The Ministry of Housing, Communities and Local Government is the Managing Authority for ERDF. Established by the European Union, the ERDF helps local areas stimulate economic development by investing in project which will support innovation, business, create jobs and delivery local community regeneration. For more information visit: https://www.gov.uk/guidance/england-2014-to-2020-european-structural-and-investment-funds