Grant funding in Newcastle for business innovations

22 October 2021

Businesses looking for funding support don’t have long to access the North of Tyne Innovation Recovery Grant, launched by the North of Tyne Combined Authority following the impact of COVID-19 and the need for business support.

Funded through the North of Tyne Recovery Innovation Fund, the grant programme has been designed accelerate the region’s economic recovery by helping businesses grow through innovation, whether it’s innovative processes, products or services. It also aims to enable a green and sustainable recovery by funding projects that have potential to safeguard and create quality jobs, build a more inclusive economy and/or contribute towards the net zero agenda.

The North of Tyne Innovation Recovery Grant is open to SMEs and Social Enterprises working in any sector based in Newcastle, North Tyneside and Northumberland. If your business will benefit from grant funding, read our eligibility criteria below and be sure to apply before time runs out.

The Innovation Recovery Grant covers 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.

 

For more information and to apply for the North of Tyne Innovation Recovery Grant visit: https://ntca-innovationrecoverygrant.co.uk/