What is the grant available for?
UK registered micro and small businesses in the creative industries sector, can apply for funding up to £50,000 with a package of support to grow their business.
The creative industries sector is a £30 million programme of phased financial and nonfinancial activities to provide end to end innovation support for high potential businesses in the creative sector.
The aim of this competition is to support business innovation within the creative industries, by providing a package of targeted and continuous support to help businesses to grow.
Percentage of project cost
Up to £10 million has been allocated to fund innovation projects in this competition.
You can claim 100% of your eligible project costs up to the maximum of £50,000.
Any eligibility criteria
Your project must:
- Have a total grant funding request of no more than £50,000
- Start by 1 June 2023
- End by 30 November 2023
- Last between 3 and 6 months
- Carry out all of its project work in the UK
- Intend to exploit the results from or in the UK
You must only include eligible project costs in your application.
Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian or Belarusian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian or Belarusian source.
You will be made ineligible if you exceed the Minimal Financial Assistance limit. You must submit a complete declaration as part of your application.
Lead organisation:
To lead a project your organisation must:
- Be a UK registered micro or small business (SME)
- Have not previously received funding from Innovate UK
- Be from the creative industries or support the creative industries
- Have a demonstrable ambition for growth
- Work with an Innovate UK EDGE advisor during your project to maximise its impact
Subcontractors:
Subcontractors are allowed in this competition. Subcontractors can be from anywhere in the UK and you must select them through your usual procurement process. You can use subcontractors from overseas but must make the case in your application as to why you could not use suppliers from the UK. All subcontractor costs must be justified and appropriate to the total project costs.
Number of applications:
An eligible business can only submit one application.
Previous applications:
You can use a previously submitted application to apply for this competition. You will not be awarded funding if you have been previously funded by Innovate UK or the Technology Strategy Board.
How to apply for the grant?
Before submitting, it is the lead applicant’s responsibility to make sure:
- That all the information provided in your application is correct
- Your proposal meets the eligibility and scope criteria
- All sections of the application are marked as complete
The application is split into 3 sections:
- Project details.
- Application questions.
- Finances.
To find out more about the grant and how to apply click here.
Contact information:
Innovate UK
0300 321 4357
Additional information
Closing Date: 15/02/2023
