Funded through the North of Tyne Recovery Innovation Fund, this new grant programme has been designed to help businesses grow by adopting innovative practice or by bringing innovative products or services to market.
The Innovation Recovery Grant has been launched by the North of Tyne Combined Authority following the impact of COVID-19 and the need for business support. It aims to enable a green and sustainable recovery by funding projects that have potential to safeguard and create good quality jobs, build a more inclusive economy and/or contribute towards the net zero agenda.
This innovation funding is open to SME’s and Social Enterprises working in all sectors and are based in Northumberland, Newcastle or North Tyneside.
VCSE orgs are eligible to apply to cover 50% of eligible business spend towards Innovation Projects totalling between £10,000 and £20,000 (excluding VAT). Grants of between £5,000 and £10,000 are available.
Accessing the North of Tyne Innovation Recovery Grant is very straightforward – you could have a decision on your grant application within a few weeks.