Deadline: 15-Feb-23
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 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.
Specific Themes
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The creative industries are defined by the Department for Digital, Culture, Media and Sport (DCMS). Your project must focus on one or more of the following subsectors:
- Advertising and Marketing
- Architecture
- Arts and culture
- Broadcasting including sport
- Crafts
- Design
- Fashion
- Film
- Games
- Music
- Publishing.
Funding Information
- Your project’s total grant funding request must be no more than £50,000.
Eligible Projects
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Your project must:
- Be related to and for the benefit of the creative industries in the UK
- Demonstrate 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
- Demonstrate value for money.
Eligibility Criteria
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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.
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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.
Ineligible
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They are not funding projects:
- That are for businesses that have previously received funding from Innovate UK
- For business as usual (BAU) activities
- That lack 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 do not address how potentially negative outcomes would be managed, for example, on the environment
- That lack research and development or innovation, for example the creation of information only websites
- Have costs and grant request in excess of £50,000
- That involve primary production in fishery and aquaculture
- That involve primary production in agriculture
- Whose activities relate to the purchase of road freight transport
- Not allowed under De minimis regulation restrictions
- Not eligible to receive Minimal Financial Assistance
- They cannot fund projects that are:
- Dependent on export performance, for example giving an award to a baker on the condition that they export a certain quantity of bread to another country.
- dependent on domestic inputs usage, for example if they give an award to a baker on the condition that they use 50% UK flour in their product.
For more information, visit Innovate UK.