Over £200 million of innovation funding on offer

Innovation3On Friday 15th July, The University of Nottingham hosted an event for local business leaders to showcase the range of funding available to support innovation. The funding landscape for innovation has changed dramatically and presents many fresh opportunities for growing and innovative businesses.

Over 80 delegates attended the session to hear from Chris Jones and Derek Allen from Innovate UK, who outlined the £200M of funding available to SMEs via Innovate UK, the application process and what makes a winning application.

Paul Yeomans, KTP Manager, The University of Nottingham, introduced the Knowledge Transfer Partnerships scheme – Europe’s leading programme to help businesses improve their competitiveness, productivity and performance. KTPs deliver an average increase in annual profit before tax of £270K to participating companies through a three-way relationship between an ‘Associate’ embedded in the company, an academic based at the University and the business themselves.

Steve Upcraft – Lead on SME Engagement, The University of Nottingham, outlined the Enabling Innovation programme – a three year collaborative programme involving Nottingham Trent University, The University of Derby and The University of Nottingham, which will provide innovation support to over 2,000 local SMEs over the next three years. Focusing on ‘enabling technologies’, it aims to support businesses to commercialise cutting edge R&D and innovate via new products, processes and services.

Lewis Stringer of Nottingham City Council gave an overview of D2N2 Growth Hub‘s activities to improve the ability of businesses in the D2N2 area to value and engage appropriately with business service providers and support.

Alex Mauser – Programmes Manager, Enterprise Europe Network Midlands, outlined how the EEN team can provide support for making a successful project consortium and help provide access to funding and finance.

Mark Hurdley, Head of Funded Programmes at East Midlands Business, outlined the N2 Business Growth Fund – a scheme that provides grant support to businesses in Nottingham and Nottinghamshire from £20,000 to £250,000, up to 20% of project costs.

And finally, Matt Symonds from TBAT, a private grant writing agency, detailed how TBAT can help you to write successful applications and help manage your project.

All of the presentations can be accessed via this link with further details about each of the schemes. For more information, please contact Ejaz Qureshi.