The Growth Hub has grant funding available of up to £25k to purchase equipment or kit to further your RD&I project.

The Growth Hub has funding available to encourage businesses that have the ambition and capacity to grow through RD&I, to purchase equipment or kit to help progress their RD&I project or to help bring a new product to market.

The grants can fund activity that will help your business to grow through innovation, but priority will be given to businesses who are collaborating and sharing knowledge with project partners or third-party organisations.

Grant Funding requirements:

  • Planning to buy kit or equipment – grants are for capital purchases only
  • Provide at least 50% match funding
  • Complete the project by 31 December 2024
  • Cashflow the cost of the project as grants will be claimed retrospectively.
  • Contribute to the Good Growth Principles.
  • Pay the Real Living Wage to all staff, or commit to paying the Real Living Wage by 31 December 2024

There is limited funding available so don’t delay. If you have a relevant project in mind for your business, then get in touch with the Growth Hub. It has a team of expert Business Connectors that can discuss the project in more detail and get your application moving.

Call the Growth Hub on 01209 708660 weekdays between 10am & 3pm – if they are unable to answer please leave a message and you will get a call back. For more details, click here.

The Growth Hub also has free support to help business be more innovative, find out more here.