£25k to £2m Loans available to UK Northern Based Companies

£25k to £2m Loans available to UK Northern Based Companies

 

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When bank lending cannot be accessed then this is a good alternative.  You want to grow, have the product, but lack the cash flow then please talk to PRODDIO.

PRODDIO can help you access the right loans to provide the necessary cashflow needed to expand and take your business to the next level.  As little as £25k to £25m or more, no problem.  We can show you how to access the funds you require.

PRODDIO have access to many alternative funding solutions and has already raised over £6.5million for our clients in 2017


If you need any support in helping access this loan then please get in touch, we would be happy to help.

Thanks for reading.

Stephen Paxton

PRODDIO is happy to help and support you in your growth ambitions.

Email: stephen.paxton@proddio.com

Tel. 01642 438285

HORIZON 2020 DEDICATED SME INSTRUMENT 2016-2017

HORIZON 2020 DEDICATED SME INSTRUMENT 2016-2017

Grants – 50,000 to 2,5m euro funded at 70%

What support is available?

The dedicated SME instrument’s supports close-to-market activities, with the aim to give a strong boost to breakthrough innovation. Highly innovative SMEs with a clear commercial ambition and a potential for high growth and internationalisation are the prime target.

The SME Instrument offers small and medium-sized businesses the following:

  • Business innovation grants for feasibility assessment purposes (optional phase I): EUR 50,000 (lump sum) per project (70% of total cost of the project);
  • Business innovation grants for innovation development & demonstration purposes (possible phase II): an amount in the indicative range of EUR 500,000 and 2,5 million (70% of total cost of the project as a general rule);
  • Free-of-charge business coaching (optional) in order to support and enhance the firm’s innovation capacity and help align the project to strategic business needs;
  • Access to a wide range of innovation support services and facilitated access to risk finance, to facilitate the commercial exploitation of the innovation.

Phased Support

Feasibility assessment (phase 1) – optional

Funding is available for: exploring and assessing the technical feasibility and commercial potential of a breakthrough innovation that a company wants to exploit and commercialize.

Activities funded could be: risk assessment, design or market studies, intellectual property exploration; the ultimate goal is to put a new product, service or process in the market, possibly through an innovative application of existing technologies, methodologies, or business processes.

The project should be aligned to the business strategy, helping internal growth or targeting a transnational business opportunity.

Amount of funding: lump sum of €50,000 (per project, not per participating business).

Duration: typically around 6 months

Outcome: The outcome of a phase 1 project is a feasibility study (technical and commercial), including a business plan.

Should the conclusion of the study be that the innovative concept has the potential to be developed to the level of investment readiness/market maturity, but requires additional funding in view of commercialisation, the SME can apply for Phase 2 support.

Innovation project (phase 2)

Funding is available for: innovation projects underpinned by a sound and strategic business plan (potentially elaborated and partially funded through phase 1 of the SME Instrument).

Activities funded in phase 2 can be of several types: prototyping, miniaturisation, scaling-up, design, performance verification, testing, demonstration, development of pilot lines, validation for market replication, including other activities aimed at bringing innovation to investment readiness and maturity for market take-up.

Amount of funding: in the indicative range of €500,000 – € 2.5 million or more (covering up to 70% of eligible costs, or in exceptional, specific cases up to 100%).

Duration: typically around 1 to 2 years

Outcomes:

  • a new product, process or service that is ready to face market competition;
  • a business innovation plan incorporating a detailed commercialisation strategy and a financing plan in view of market launch (e.g. on how to attract private investors, if applicable).

Commercialisation (phase 3)

With the view of facilitating the commercial exploitation of the innovation activities resulting from phase 1 or phase 2, specific activities will be proposed. These can include support for further developing investment readiness, linking with private investors and customers through brokerage activities, assistance in applying for further EU risk finance, and a range of other innovation support activities and services offered via the Enterprise Europe Network (EEN).

Coaching

Optional Innovation and Business Development Coaching is offered in parallel throughout phases 1 and 2 to help SMEs:

  •  enhance the company’s innovation capacity
  •  align the project to the identified business development strategy
  •  develop the commercial/economic impact and long term sustainability.

Coaching is provided by experienced business coaches, selected through the Enterprise Europe Network (EEN).

To find more information and apply click HERE

Thanks for reading

Travis Paxton

 

The Energy Catalyst 4 – Innovate UK is offering businesses and universities a share of up to £19 million to develop innovative solutions to global energy challenges.

The Energy Catalyst 4 – Innovate UK is offering businesses and universities a share of up to £19 million to develop innovative solutions to global energy challenges.

The Energy Catalyst

The aim of the Energy Catalyst is to speed up the best of UK innovation at all development stages. It helps businesses progress their innovations to commercial readiness.

The opportunity

Technology innovation is needed to solve the global energy sector ‘trilemma’ of:

  • low carbon
  • security of supply
  • affordability

These challenges are creating major global market opportunities. Innovative businesses in the UK can develop world-leading solutions to these challenges.

This funding competition

The fourth round of the Energy Catalyst is now open. There are 3 awards, each open to businesses, universities and research organisations:

  • early-stage award – technical feasibility
  • mid-stage awards – technology development
  • late-stage awards – pre-commercial technology validation

The competition supports innovative solutions in any technology or sector area. The proposed solutions can focus on any part of the energy trilemma.

Competition dates

  • the deadline for registration is noon on 7 September 2016
  • the competition closes at noon on 14 September 2016

To apply:

  • you can lead a proposal if you are either:
    • an SME acting on your own or working with any other with any type of organisation
    • a research organisation collaborating with a business
  • your project can last up to one year
  • the total cost of your project can be up to £300,000
  • the total non-business-partner costs must not exceed 50% of the total project costs
  • business partner funding can be up to 70% of their total project costs for small or micro SMEs, 60% for medium SMEs or 50% for larger companies

 

Link to find out more information and to apply: https://goo.gl/PcDNfY

Another great grant highlighted by PRODDIO


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£15M worth of Grants Available for UK SME’s for Innovation Projects

£15M worth of Grants Available for UK SME’s for Innovation Projects

Innovate UK is to invest up to £15 million in innovation projects in manufacturing and/or materials.

Innovate UK is to invest up to £15 million in innovation projects in manufacturing and/or materials. These projects will focus on identified technical or commercial challenges. We will fund projects that aim to lead to increased UK SME productivity, competitiveness and growth.

Projects need to be led by a business and must involve at least one SME. They can be carried out by an SME working alone or in collaboration with other organisations. Projects with costs of £100,000 or more must involve working with other partners

We are looking for projects which focus on any of the technical feasibility, industrial research or experimental development research categories.

Projects should last between 6 months and 3 years. They should range from total costs of £50,000 to £2 million.

 

Registration deadline Noon on 6 July 2016
Application deadline Noon on 13 July 2016

 

Link to find out more information and to apply: https://goo.gl/AGCAzT

Another great grant highlighted by PRODDIO

 


If you need any support in helping access this grant then please get in touch, we would be happy to help.

** Don’t forget that if you get the funds PRODDIO can also help you get further money back through the R&D Tax Credit scheme – a double win.

Thanks for reading.

Stephen Paxton

Innovate UK will invest £200,000 to get more women innovating in business.

Innovate UK will invest £200,000 to get more women innovating in business.

Innovate UK is launching a new initiative, in focus, to spearhead our work to encourage diversity in innovation and by doing so to boost the UK economy. Women in Innovation is our first action under the in focus initiative.

 

Innovate UK want to enable and encourage more women to participate in Innovate UK competitions and take advantage of our support. We are running this process to identify 12 women who will benefit from a unique tailor-made package of support. In addition, 4 of these women will also receive £50,000 to further their plans and make a stellar impact in the world of innovation.

The competition is open to any woman in the UK with experience in business innovation. The awards will open for applications on 1 June 2016.

You must register before noon 24 August 2016.

You must apply before noon 31 August 2016. We will announce the winners in Autumn 2016.

Register and apply online at www.innovateuk.gov.uk

 

What Innovate UK are looking for

They are offering 12 women a tailored package of support. In addition, 4 of these women will receive £50,000.

We are looking for women who:

  • have real potential to become leaders in business innovation and/or successful entrepreneurs
  • have exciting ideas that promise significant economic value to the UK
  • are comfortable taking on the position of role model
  • are willing to engage in activities to encourage and inspire other women to get involved
  • have a clear vision for their future and area of innovation they plan to focus on
  • have a plan to use the award money and support to progress that plan
  • have relevant experience of making innovation happen
  • have the capability and personal drive to achieve success

 

Innovate want the awards to make a real difference and therefore are looking to find women who will benefit significantly from our support and in turn, can make a real impact on innovation in the UK.

 

Find out if you are eligible to apply

The awards are open to:

  • any woman in the UK with experience in business innovation
  • women working in any of Innovate UK’s 4 sectors
  • a company owner, employee or sole trader/ entrepreneur in any size of business
  • an individual in a position legally and contractually to utilise the grant funding on offer

 


If you need any support in helping access this grant then please get in touch, we would be happy to help.

  • Don’t forget that if you get the funds we can also help you get further money back through the R&D Tax Credit scheme – a double win.

Thanks for reading.

Stephen Paxton

Enterprise Capital Fund – Access £100K to £5M

Enterprise Capital Fund – Access £100K to £5M

Six Pathfinder Enterprise Capital Funds (ECF) were created by the Department for Business, Innovation and Skills (BIS) (previously the DTI and BERR), following competitive bidding in 2005. Each fund invests in small and medium-sized enterprises (SMEs) seeking equity funding in the ‘equity gap’ (up to £2 million). The Dawn Capital Fund was appointed to run one of these ECFs and was initially awarded £25 million of government funding.

The Dawn Capital Fund has been created by a group of successful entrepreneurs and experienced fund managers to invest throughout the UK, with an investment focus on traditional industries where pioneering companies are able to adopt innovative technology to improve products and services.

Dawn Capital are angel and institutional investors that have collectively invested in over 100 companies. Having profitably managed significant portfolios during the recent downturn, they have experienced first-hand the difficulty that even outstanding early-stage companies face in raising start-up capital, or established companies face in raising modest amounts (sub £2 million) of development capital. They came together in 2005 to specifically address this ‘equity gap’.

Applications may be submitted at any time

 

Key Criteria

  • SMEs based in the UK are eligible to apply, or where the investment will be of benefit to the UK economy.
  • ECFs will not be permitted to invest in the following sensitive sectors for which the guidelines on state aid and risk capital do not apply:
  • Synthetic fibres and yarns.
  • Motor vehicles.
  • Steel – ECSC products.
  • Steel – non-ECSC products.
  • The production of agricultural and fisheries products listed in Annex I referred to in Article 32 of the EC Treaty.

Eligible Expenditure – Capital Projects

Restrictions to follow

  • ECFs will not be permitted to invest in the following sensitive sectors for which the guidelines on state aid and risk capital do not apply:
  • Synthetic fibres and yarns.
  • Motor vehicles.
  • Steel – ECSC products.
  • Steel – non-ECSC products.
  • The production of agricultural and fisheries products listed in Annex I referred to in Article 32 of the EC Treaty.

Application Procedure

Contact Dawn Capital for further information. Dawn Capital

 


 

If you need any support in helping access this grant then please get in touch, we would be happy to help.

  • Don’t forget that if you get the funds we can also help you get further money back through the R&D Tax Credit scheme – a double win.

Thanks for reading.

Stephen Paxton