Invest in innovation, research and development
Business Transition to Net Zero Grant
Invest in innovation, research and development
Grants up to £25,000 to help your business invest in innovation, research and development.
If you have plans to invest in a research and development (R&D) or innovation project, you could benefit from a grant of between £2,500 and £25,000 from New Anglia LEP’s Growth Through Innovation Fund.
The grant can pay up to 45% of the total eligible costs of your projects.
• Do you want help towards the costs of designing, building, and testing prototypes of new or better products?
• Do you need to invest in external specialist knowledge to improve your business’ products services or processes?
• Do you need to invest in R&D testing equipment?
• Do you need to adopt novel or innovative digital technologies to become more efficient and productive?
• Do you need to patent your ideas or inventions?
The Growth Through Innovation Fund has awarded £2.3m to 154 projects, generating nearly £3.1m private match funding.
(Figures: March 2023)
Watch this video to hear from three companies which have benefited from the scheme.
Contact New Anglia Growth Hub via https://www.newangliagrowthhub.co.uk/contact-us/
For more information, including eligibility and the application process, read the Growth Through Innovation Fund FAQs here
A Norfolk music production company is establishing a library music business that will provide audiovisual products and services to clients around the world – supported by a grant from the Growth Through Innovation Fund.
Just Another Label, based near Diss, is investing in technology to develop a unique search engine and database of music for media, audio mastering, promotional and music videos.
Femi Olasehinde of Just Another Label said: “Developing this new system will improve our efficiency and make it much easier for our clients. They can see their account details, catalogues and statements in real-time – that wasn’t previously available to them at all.
“There is no system available on the market that can cope with our needs so we’re pleased to be able to access some grant support to develop our own database.
“It gives us access to a huge amount of data which is really valuable to us as a business and it gives us power over our competitors. Automating those processes has also free time for us to focus on other parts of the business.”
He said that working with the New Anglia Growth Hub was straightforward. “I found them really helpful and their support is definitely appreciated.
“The process is straightforward and as we were able to show them a clear plan for our project and what we wanted to do, it was easy to talk through our idea and complete the application.”
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