Smart Concept Fund

The Smart Concept Fund offers a Proof of Concept grant designed to support the commercialisation of new technologies.

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The Fund can award successful applicants a grant of up to £16.5k at an intervention rate of up to 55% to help fund an approved product development project, subject to eligibility conditions. The Fund is open to applications from June 2017 and closure expected early 2023.

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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Herefordshire

01432 261758

Shropshire

01743 250526

Telford & Wrekin

01952 567589

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