Deadline: 16-Jun-21
Innovate UK, part of UK Research and Innovation is pleased to launch the Creative Industries Fund: Fast Start Business Growth Pilot 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:
- be from the creative industries or support the creative industries
- focus on a clear opportunity and the proposed innovation to address it
- demonstrate the impact funding and support can have to the growth plan of your business
The aim of this competition is to provide a package of targeted support for growth so ambitious creative businesses can reach their potential.
Themes
The creative industries are defined by Department for Digital, Culture, Media and Sport (DCMS). Your project must focus on one or more of the following sub-sectors:
- advertising and marketing
- architecture
- arts and culture
- broadcasting including sport
- crafts
- design
- fashion
- film
- games
- music
- publishing
Funding Information
Your project must:
- have total eligible costs up to £25,000
- end by 31 March 2022
- last between 3 and 6 months
Ineligible Funding
They are not funding any project:
- supporting business as usual (BAU) activities
- without evidence their proposed innovation is expected to lead to significant and positive economic or societal impact, or value for
- money that will be achieved
- that does not address how potentially negative outcomes, for example on the environment, would be considered
- without research and development or innovation, for example the creation of information-only websites
- involving primary production in fishery and aquaculture
- involving primary production in agriculture
- not allowed under special drawing rights
- not allowed under de minimis regulation restriction
- whose activities relate to the purchase of road freight transport
- subsidies dependent on export performance – for example giving a subsidy to a baker on the condition that they export a certain
- quantity of bread to another country
- subsidies that are dependent on domestic inputs usage- for example if we insisted that a baker use 50% UK flour in their product
Eligibility Criteria
To lead a project your organisation must:
- be a UK registered micro or small business
- have not previously received funding from InnovateUK
- be from the creative industries or support the creative industries
- have a demonstrable ambition for growth
- carry out its project work in the UK
- intend to exploit the results from or in the UK
Evaluation Criteria
Your project must:
- offer a clearly innovative and ambitious idea
- be new to your business, with a demonstrable impact to your growth plan
- create a new revenue stream, for example new products, services or IP
- respond to the changing market conditions, such as new modes of audience consumption, or the adoption of new technologies within the sector
- be market ready within 12 months of receiving support
- be able to start rapidly
- represent value for money
For more information, visit https://apply-for-innovation-funding.service.gov.uk/competition/919/overview