Businesses across the West of England are being offered support to turn their innovative ideas into reality. The West of England Combined Authority is launching a new round of Business Innovation Grants that will help companies create new products, processes or services.
Grants of between £20,000 and 50,000 are available to small and medium sized businesses to carry out research and development (R&D) and get their innovative ideas over the line.
Chief Executive of the West of England Combined Authority, Patricia Greer said:
“We know that businesses that innovate are increasingly competitive, better equipped for the future, create jobs, build resilience, and are more likely to export, all of which is important to our region’s economy. I am therefore delighted that we are announcing the 4th application round of the Business Innovation Fund. I look forward to seeing many proposals submitted and successful projects come to fruition.”
Joanna Mulgrew, Managing Director of HBXL Building Software, an SME awarded funding via a previous round, said:
“Our R&D activity has been supported via the Business Innovation Fund. It has contributed to the development of our software platform BuildProjex from a prototype into a market ready toolset, which will help decrease costs and reduce build times on construction sites. I would definitely encourage other SMEs to apply.”
Applications are welcome from SMEs based in Bath and North East Somerset, Bristol, North Somerset or South Gloucestershire. Projects will need to be in the latter stages of development and applicants will need to provide match funding and complete their R&D within 6 months.
The application window closes on Wednesday 7 December ’22 at 12 noon and decisions will be made before Christmas.
For full details, including eligibility criteria, please visit the Business Innovation Fund webpage.