Funding is available to small or medium sized enterprises based in rural Warwickshire who are working with another similar enterprise on the development of a new product, process or service. The scheme offers two types of grants of between £3000 – £5000. This contribution must be 60% matched by the company in time or expenditure.
Revenue grants are available to assist with product development cost such as parts and materials, consultancy fees and prototyping.
Capital grants are available for expenditure on equipment, machinery or tooling.
A company will only be eligible for one grant. All the projects will be evaluated independently.
Your project must demonstrate innovation, result in a new product, process or service and provide tangible benefits for the local economy.