Phil Roocroft Business Innovation Manager Birmingham City Council

Environment & Energy Technologies

Rail

Medical Technologies

IT & Digital

Digital Media

Aerospace

Business & Professional Services

Building Technologies

Advanced Materials & Manufacturing

Food & Drink

Grant based financial assistance to companies that are ready to undertake investment in innovative production processes:- Capital Expenditure - purchase of capital equipment - improvements in systems or processes

New Product Development - assistance towards concept development - testing - prototyping - product launch New Marketing Development - assistance for carrying out studies - product branding - attendance at exhibitions and trade fairs

Business Innovation Mentoring - consultancy support to implement new innovation processes within the business

Grant of £10,000Grant of £30,000 FTE jobs requirement Minimum: 2 new jobs 1 safeguarded FTE jobs requirement Minimum: 3 new jobs 2 safeguarded To be 50% matched by the SME

Qualifying requirements Demonstrate:- - viability - need - job creation - sustainability - new investment linked to the creation and safeguarding of jobs

Checklist Profit seeking and have been trading for more than 6 months. An SME of employees. Annual turnover is less than £42 million. Balance sheet is less than £36 million. Less than 25% owned by a larger company.

Checklist Not received more than 200,000 Euros of State Aid in the last 3 financial years. Create and preserve jobs which are sustainable for at least one year. Able to implement an investment plan to develop and innovate growth within the business. Located in West Midlands Region.

Checklist Be in an eligible cluster group:- - Environment & Energy Technologies - Rail - Medical Technologies - IT & Digital - Digital Media - Aerospace - Business and Professional Services - Building Technologies - Advanced Materials & Manufacturing - Food and Drink

Enquiries:- Ibrahim Bhayat