Innovation funding to boost business growth in North of Tyne
Driving economic growth by helping businesses to adopt new-to-business, innovative practices or bring new products or services to market.
If you’re a business thinking of developing a project that will make an improvement to your processes or help to improve the business by implementing new ideas, processes or technology – then you’re being innovative – and this grant could be a great way to reduce your investment risk.
What’s on offer?
The Innovation Recovery Grant covers 50% of eligible business spend towards Innovation Projects totalling between £10,000 and £20,000 (excluding VAT). Grants of between £5,000 and £10,000 are available.
The funding can provide a grant towards bringing in external expertise that will enable the business to deliver an innovative project and/or towards the cost of equipment that will help the business to improve the way it works or introduce new products.
Find out more about the grant
Take a look at the dedicated website to see how we have helped 100s of different businesses across the North of Tyne and how we could help you
The North of Tyne Innovation Recovery Grant is funded by the North of Tyne Combined Authority’s Recovery Innovation Fund. It is delivered in partnership by NBSL and Innovation SuperNetwork.