PROmoting SME Product Enhancement and Research (PROSPER)

This project is part-funded by ERDF to support SMEs who wish to improve existing products or develop new products, processes and services.

ERDF Midlands


Managed by The iNet and based at Loughborough University PROSPER will make it easier for SMEs to accelerate their development and implementation of new products, processes and services, as well as working with UK research institutes. The programme will operate from January 2020 through to December 2022.

Businesses must be based in Leicester & Leicestershire Local Enterprise Partnership area (LLEP) and be engaged in the general area of one of LLEP’s priority sectors:

The support includes a mixture of:

  • Financial Support: part-funding (grant) towards external costs of innovation and product development projects
  • Non-financial support: fully funded access to expertise at Loughborough University

Support Available

Support may include one or more of the following:

  • Review of company research, innovation and development needs, an enrolment meeting to discuss your innovation and growth plans
  • 1:1 mentoring to support your innovation journey, including identifying opportunities for collaboration between SMEs & research institutes

  • Facilitating relevant under/graduate placements

  • Information sourcing carried out by a skilled researcher to support SME innovation plans

  • Access to Loughborough University academics for 5 days co-operation, involving small-scale research and knowledge exchange

  • Part-funding towards external costs relating to company based innovation and new product development projects – via simplified application process

Download details: PROSPER Info Sheet

Businesses in these sectors may also be eligible for support from some of our other projects:

If you are interested in finding out more then please call 01509 635270 or email to speak to an advisor. Alternatively please click on our Contact page or the Twitter icon below