In response to Covid-19, UWE Bristol is launching a Digital Innovation Fund to help businesses to innovate during these turbulent times.
UWE’s Digital Innovation Fund provides business support and £1m in grants for small and medium sized business in the West of England.
The scheme, funded by the European Regional Development Fund (ERDF), offers eligible businesses innovation grants from £10,000 to £40,000 to fund 35% of project costs.
Grants are open to businesses in any sector that want to innovate and address new challenges that have arisen from Covid-19. Applicants must be small or medium sized enterprises (SMEs) and based in Bristol, Bath & North East Somerset, North Somerset or South Gloucestershire.
Deadlines for application: 8 July.
Pro Vice Chancellor for Research and Enterprise Professor Martin Boddy commented: “UWE Bristol is delighted to open its Digital Innovation Fund, £1m of grant funding to support businesses in the West of England to address new challenges caused by Covid-19.
Any SME in the area that is undertaking a digital innovation or research and development project should consider applying. We are offering a sliding scale of grants, from £10k to £40k, so hopefully there is a funding option for a range of businesses – from start-ups and micro enterprises, to more established organisations. The application process is straightforward and UWE Bristol staff are available to provide hands-on support through a series of confidential 1:1 drop-in sessions.
Digital Innovation Fund follows on from previous successful grant funding schemes run by the University, which has given £2m of grants to thriving businesses in the West of England, creating over 150 new jobs and over 100 new products and services. We are looking forward to this new fund delivering similar benefits to the local economy, and helping individual SMEs to innovate and grow.
In a time of unprecedented change, UWE Bristol is proud of the role it can play to support the region’s SMEs in responding to the pandemic and financial crisis.”
Now is the time to innovate.
The Digital Innovation Fund is funded by the European Regional Development Fund.
Notes to editors:
European Regional Development Fund:
The project (has received) £4,230,000 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Ministry of Housing, Communities and Local Government is the Managing Authority for European Regional Development Fund.
Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding.
West of England region: All organisations with a presence in Bristol, Bath, BANES and South Gloucestershire.