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£25,000 grants aim to stimulate manufacturing innovation

05 September, 2012

The UK Government is offering grants of up to £25,000 to encourage small businesses with up to 50 employees to innovate in a wide range of manufacturing competences.

The UK’s innovation agency, the Technology Strategy Board, will be awarding the grants to support feasibility studies for projects across the manufacturing lifecycle, from design and engineering, through to process development, manufacture, service delivery and re-manufacture/re-use, including innovation in supply/distribution chains, risk management and business models.

The competition is open to small companies working alone or in collaboration with a partner. The feasibility studies can last up to four months and are eligible for grants of up to £25,000. Total costs must not exceed £33,000.

Companies must register their interest by 31 October, and submit their application by 7 November. The Government is investing up to £2m in the scheme. There is a helpline on 0300 321 4357.

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