As our ERDF programmes SING & PACE are nearing completion, we thought we would give you a summary of some of the facts and figures behind the programmes.
Aiming to support Leicester and Leicestershire-based SMEs who wish to improve existing products or develop new products, processes and services. This programme will operate from October 2016 through to September 2019.
To date it has:
- Enrolled 113 SMEs
- Offered 36 revenue grants and 18 capital grants in support of new product development projects. Supported revenue costs include design consultancy, testing, laboratory and test equipment, type approval and patenting. Supported capital purchases include a flatbed printing machine, industrial robots, and a 3D digital profiler.
- 7 businesses have worked on mini-knowledge exchange projects with academics from Loughborough University. The SING programme funds up to 5 days of the academics’ time to work with the company at no cost to the company. The projects have addressed a range of topics including visual enhancements of carbon fibre for new products, drone flight conditions, and 3D printing optimisation
- Our in-house researchers have supported 19 SMEs to source valuable information in support of their development plans. Also fully funded by the programme, Kate and Lee have spent up to 2 days researching topics such as herbal teas, drinks bottles, telematics, smart wearables, and virtual reality medical applications.
- A rolling call for Collaborative R&D (CRD) projects has resulted in two projects that are now nearing completion. These are SME-led R&D projects where the SME works in partnership with a university or other research institute. In the case of SING, these projects have involved Loughborough University and University of Nottingham.
Aiming to assist Leicester and Leicestershire-based SMEs to increase their capabilities, productivity, capacity and competitiveness. This programme will operate from November 2016 through to October 2019.
To date it has:
- Enrolled 134 SMEs
- Offered 32 revenue grants and 34 capital grants in support of projects improving the company’s capabilities, capacity and productivity. Supported revenue costs include production software and associated hardware, kitchen equipment, production equipment design and process consultancy. Supported capital purchases include CNC machines, professional grade cameras and lenses, fabric spreaders and co-ordinate measuring machines.
- Work is still on-going on 7 Supply Chain Market Assessment/Sector Specialist projects. This funds 2-3 days of support from a sector specialist. The overall aim of this support is to help SMEs to explore growth opportunities, by identifying tactics and action plans to inform and support their growth strategy using soundly based knowledge of the supply chain, market analysis and other information. This has been very helpful in assisting businesses understand how to launch new products and services into new markets.
We anticipate that as a result of receiving this support:
- 97 businesses will be able to launch new products or services
- 103 new jobs will be created
With only a few months left to go before both these programmes wrap-up there is still time to access support.
All forms of support (except CRD projects) are still available although time is running out for you to complete your supported projects within the required timeframe.
Grant funding is getting low and we anticipate allocating the final funds in the next month or so.
We are now at the stage
where we have fully allocated some of our funds and are re-cycling funds that
have come back from companies that are unable to spend their full allocation.