Business Innovation Programme
Capital and revenue grants are available of £10,000 - £30,000
The Business Innovation Programme is a component of the £33m Business Growth Programme, which is a comprehensive business support package part-funded by the European Regional Development Fund (ERDF). As lead partner, Birmingham City Council and 3 Local Enterprise Partnerships (LEPs) are working together to deliver this important initiative, which covers the Greater Birmingham and Solihull, Stoke-on-Trent and Staffordshire and The Marches LEP areas.
The Business Innovation Programme is aimed at existing B2B Small to Medium sized Enterprises (SMEs) investing in innovative ”close-to-market” products and services.
Type of Eligible Expenditure
- capital equipment
- improvement of production processes and systems
- new product development (concept development, prototyping, product testing and product launch)
- market development
- business innovation mentoring and coaching
To find out if your business is eligible to apply, you must register your interest and contact the Growth Hub in your partnership area for FREE advice. Eligibility criteria and contact details are available on www.birmingham.gov.uk/bgp.
You must NOT be a Franchise, Charity, Not-for-Profit, Community Business or in the Retail Sector.
The programme limits awards to one grant per SME from any one (i.e. you cannot apply for a grant from each component).
The Business Innovation Programme operates under de minimis regulations and offers assistance of up to a maximum of 50% eligible costs (60% in transition areas).
Applications must be submitted within the current funding round. See the attached Funding Round Schedule for latest funding round dates.
We strongly recommend that you submit your application early and do not wait for the funding round closure deadline. If substantial volumes of applications are received, in order to manage application capacity, we reserve the right to close funding rounds early and carry over applications into the next Funding Round. Applicants will be advised if this action is necessary.
Note:The use of consultants or third parties in completing the application form is discouraged and is an ineligible cost. To progress your application, you must contact your respective Growth Hub, who will provide advice at no costwww.birmingham.gov.uk/bgp.
Please check that you have included all the necessary documentation and supporting information in your application.
You will need to complete the Business Innovation Programme Grant Application Form and provide all the related Financial Information. The following documents will enable you to complete your submission: