Aerospace UP still has funds available from its Innovation Grant.
If you are an SME in Leicester or Leicestershire, you could be eligible to apply.
Here’s what they say about the criteria:
It is not essential to have any particular project in mind at the beginning of your engagement with the Aerospace UP Delivery Team, but it may be useful to think beforehand about the areas where the Innovation Grant might be able to provide assistance.
These might include:
Ideas for new technology, business systems or processes which would help to grow your business, improve productivity, differentiate you from your competition, or give you a competitive advantage.
Ideas for greener technologies, products or processes.
Ideas to improve efficiency, reduce the cost of manufacture or lead time which would assist in business growth and increased market share.
Mapping out how your company could potentially evolve to meet future market and customer requirements.
Any quality or delivery issues, which, if solved, could lead to business growth and increased market share.
Particular problems in the manufacture of new products where the assistance of experts might be helpful.
Eligibility Criteria in detail:
To get support from Aerospace UP you must be an SME (fewer than 250 employees, a turnover of less than €50 million, or a balance sheet total of less than €43 million) located in areas including Leicester and Leicestershire.
A grant of 42.67% is available on an eligible project spend between £2,343 and approximately £234,356. This equates to a grant of between £1,000 and approximately £100,000. Project spend can exceed the offered grant amount but it will be capped at the agreed grant amount.
You must be active in, or looking to diversify into, the aerospace supply chain. The activity funded should aim to develop new innovative products to either the firm or the market.
Find out more about this grant.
Aerospace UP is supported by Midlands Engine, the University of Nottingham, Midlands Aerospace Alliance and the ERDF
