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Smart Concept Fund

The Fund can award successful applicants a grant of up to £30k at an intervention rate of up to 60% to help fund an approved product development project, subject to eligibility conditions. The Fund is open to applications from June 2017 and closure expected late 2019.

It is part funded by the European Regional Development Fund (ERDF), so to be eligible for support your business must be based within one of the three sponsoring LEP areas (Black Country, The Marches or Stoke on Trent and Staffs) and qualify as an SME (detailed conditions apply, but in summary the company must have independent ownership, have fewer than 250 employees and an annual turnover of less than €50 million).


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