Creative industries fund: fast start business growth pilot UK registered micro and small businesses in the creative sector can apply for a package of support to grow their business. This package includes ongoing support from Innovate UK EDGE and funding of up to £25,000 for innovation projects. Eligibility This competition is open to single applicants only. To lead a project your organisation must be a UK registered micro or small business that has not previously received funding from InnovateUK. Open now Opened: 17 May 2021 Closes: 16 June 2021
Programme: Innovate Uk
Innovate UK, part of UK Research and Innovation, is to invest up to £2.5 million in innovation projects.
The aim of this competition is to provide a package of targeted support for growth so ambitious, creative businesses can reach their potential.
This package is designed to help creative businesses to explore new revenue streams by creating new products, services or IP which respond to changing market conditions.
Your proposal must:
If your application is successful, you must work with an EDGE advisor to maximise your project’s impact.
In applying to this competition, you are entering into a competitive process. This competition closes at 11am UK time on the deadline stated.
Your project’s total eligible costs must be up to £25,000
Your project must:
To lead a project your organisation must:
For more information on company sizes, please refer to the company accounts guidance. This is a change from the EU definition unless you are applying under EC de minimis. If you are applying for an award funded under European Commission Regulations, the definitions are set out in the European Commission Recommendation of 6 May 2003.
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 question 5 for why you could not use suppliers from the UK.
You must provide a detailed rationale, evidence of the potential UK contractors you approached and the reasons why they were unable to work with you.
We expect all subcontractor costs to be justified and appropriate to the total eligible project costs. We will not accept a cheaper cost as a sufficient reason to use an overseas subcontractor.
A participant cannot subcontract their own directors, secretaries, or persons with significant control.
Number of applications
You can only apply for this competition once.
These are for awards up to SDR of 325,000 (approximately £335,000) given to a single beneficiary over a rolling 3 fiscal year period.
You must complete and provide Innovate UK with a declaration as part of your response in question 2.
The declaration asks you to tell us about any awards, including those made under de minimis and SDR, (from any source of public funding) over a rolling 3 fiscal year period.
If you have received an award under de minimis for the same period, this will be added to your total allowance under SDR. This means that the total award must not exceed approximately £335,000 (325,000 SDR) for any one organisation. You must declare this allowance to any other funding body who requests it.
EC Commission rules now only apply in limited circumstances. Please see our general guidancehttps://ec.europa.eu/growth/smes/sme-definition_en to check if these rules apply to your organisation.
Further information about the UK Subsidy Control requirements can be found within the EU-UK Trade and Cooperation agreement and the subsequent BEIS guidance. Or you can see our general guidance on Special Drawing Rights and EU de minimis awards.
If you are unsure about your obligations under the UK Subsidy Control regime or the de minimis rules, you should take independent legal advice. We cannot advise on individual eligibility or your legal obligations.
If there are any changes to the above requirements that mean we need to change the terms of this competition, we will tell you as soon as possible.
We have allocated up to £2.5 million to fund innovation projects in this competition.
You can claim 100% of eligible project costs up to the maximum of £25,000.
Funds will be released in two instalments: