Business Innovation Programme
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The Business Innovation Programme (BIP) fund now operates on a competition basis and we are delighted to announce that BIP Round 4 is now open and the deadline for submission of applications is Friday 24th October2014.
Your completed application form, along with supporting documentation must be submitted before the closing date of 24th October 2014 to qualify for consideration.
Applications will be assessed against the Financial Assistance Grant Application Criteria provided on the BIP webpage and will be based upon the information provided.
Applications received after the closing date will not be taken into account in the Round 4 assessment process, but may instead. be carried over into the next funding round, should sufficient funds still be available.
What is the Business Innovation Programme?
BIP is an £8.7 million package of support, part funded by European Regional Development Fund (ERDF).
BIP aims to stimulate innovation within SMEs to encourage and enable existing businesses to invest for the future, to lever private sector investment, create new and safeguard existing jobs across the West Midlands.
The programme offers grant based financial assistance to support existing SMEs which have been trading for 6 months or more and are ready to undertake investment in innovative production processes. This must lead to new products, which are “close to market”.
Grants of £10k up to £30k are available, which must be match funded by the SME.
Applicants are encouraged to incorporate a combination of one or more of the following:-
- Capital Expenditure
- New Product Development
- New Marketing Development
- Business Innovation Mentoring
Each application will be required to demonstrate viability, need, job creation, sustainability and new investment being linked directly to the creation of new jobs and safeguarding of existing jobs.
The leaflet and slideshow explains more about the programme.
The programme will run until June 2015.
Find out if your business is eligible for support by looking at the criteria in the document below, including a map of the eligibility area.
A judging panel will assess all eligible applications received in Round 4 and this process will take place in December 2014, following the closure of the funding round. We aim to inform applicants of a decision within 1 month of the competition round closing date.
If your business proves eligible, please find below the:-
* Please note that the Asset Register Form is for example purposes only and will only need to be completed once an application has been approved.*
If you have any queries, please contact Ibrahim Bhayat on 0121 464 9870 or email: BIP@birmingham.gov.uk
You can see below how SMEs across the West Midlands have used the BIP funding to deliver successful projects
Not for you?
If you decide that the Business Innovation Programme is not what you are looking for, we have a number of other grant funding programmes which you may be interested in, namely the Business Development Programme and the Green Bridge Programme
Last Updated : 29th September 2014