Productivity and Capability Enhancement (PACE)

Now closed, this project was part funded by ERDF to assist SMEs to increase their capabilities, productivity & competitiveness

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Overview

Managed by The iNet and based at Loughborough University, PACE made it easier for SMEs to accelerate their investment in activities which enabled growth and enhanced their competitiveness. The programme ran from November 2016 through to October 2019.

In that time the project supported 145 SMEs with £939,000 of ERDF funding. This included:

  • 51 grant recipients
  • 8 short term non-financial support (Market research)
  • 46 new jobs
  • 18 new to firm products
  • 3 new to market products
  • £1.12m private sector investment

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

The support included a mixture of:

  • An information, diagnostic and brokerage review
  • "market access" support
  • Part-funding (grant) towards external costs of investments in enhanced capabilities and new technologies including equipment required to take new products, processes and services from early development to production

SME support - Main Points to Note

Companies underwent a comprehensive review with an iNet Advisor in order to establish eligibility and access support from the programme.  This review meeting typically lasted 2 – 3 hours and helped the SMEs develop their growth and competitiveness plans.

Following this review, support included one or more of the following:

  • Supply chain/market assessment supportto help  identify, scope and access new markets and sector supply chains.

  • Part-funding towards external costs relating to company based productivity and capability enhancement projects – via simplified application process

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 inet@lboro.ac.uk to speak to an advisor. Alternatively please click on our Contact page or the Twitter icon below