Grant for Research and Development

Coverage: Blackburn with Darwen, Blackpool, Burnley, Chorley, Fylde, Hyndburn, Lancaster, Pendle, Pennine Lancashire, Preston, Ribble Valley, Rossendale, South Ribble, West Lancashire, Wyre,

Finance Type: New Product Development, Research and Development,

Summary:

Increases businesses ability to exploit new ideas, and helps overcome barriers where there is high risk and uncertainty around research and development activities, and ensures that new products are brought to the market sooner. The grant supports SME’s that want to carry out research and development to generate new and innovative products and services.  The new scheme supersedes the Grant for R&D scheme previously managed by NWDA. 

Funding:

The scheme will offer SME’s 3 types of grant:

1. Proof-of-market - grants will enable companies to assess commercial viability through, for example, market research, market testing and initial planning; Duration up to 9 months, max £25,000 (up to 60% of total project costs
2. Proof-of-concept – grants will help companies to explore the technical feasibility and commercial potential of a new technology, product or process through, for example, a feasibility study, basic prototyping and specialist testing; Duration – up to 18 months, max grant £100,000 (up to 60% of total project costs.
3. Development of prototype – grants will be used by companies to develop a technologically innovative product, service or industrial process.  This might include small demonstrators, intellectual property protection, market testing and product design. Duration – up to 2 years, Max £250,000 (up to 35% of total project costs for medium enterprises; up to 45% for small & micro enterprises.

Funding: Upto £250,000

Type of Funding: Grant

Project Timeframe - Expiry Date: Friday 29th March 2013

Eligibility: Details provided on enquiry

Disclaimer: The information above was accurate at the time of publishing. This is a constantly evolving directory and we will amend the details as and when required. Regenerate Pennine Lancashire is not responsible for the accuracy of external information.

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