Funding support for food businesses and the Food Innovation Centre - - PowerPoint PPT Presentation

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Funding support for food businesses and the Food Innovation Centre project

Emma Taylor, Funding Manager New Anglia Local Enterprise Partnership

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The Funding Picture The downside….

• Rural economy funding from

Defra – LEADER and Rural Growth Programme – has ended

• Future funding programmes

uncertain. On the other hand…

• New Anglia Growth Hub support
• LEP grant programmes
• Signposting to other programmes

And on the way…

• Food Innovation Centre project
• DRIVE project

• Single point of contact for help and support
• Free, impartial and confidential advice
• Team of experienced, peripatetic Advisers
• Undertake a review of you businesses
• Access local and national support and advice
• Help you access grants and financial support

• Grants from £1,000 to £25,000
• Up to 20% intervention rate
• Capital and revenue available
• Support for business growth
• Simplified application process, approval in days

• Grants from £25,000 to £500,000
• Up to 20% intervention rate
• Capital funding for large projects
• Support for business growth
• Agreement in a matter of weeks

• Grants from £1,000 to £25,000
• Up to 50% intervention rate
• Capital and revenue available
• Support Innovation and R&D
• Simplified application process, approval in days

• Grants from £25,000 to £50,000
• Up to 50% intervention rate
• Capital funding and consultancy funding
• Support for business resilience/recovery
• Agreement in a matter of days

0300 333 6536

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Other opportunities Invest East

A free "investor led" programme to support Norfolk and Suffolk businesses to understand and prepare to raise equity and other forms of finance. https://investeast.co.uk/

BEE Anglia

Grants up to £20,000 to help a business to move towards zero carbon http://www.beeanglia.org/

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Coming soon…

DRIVE is a 2 year £3m ERDF grant scheme from Norfolk County Council in partnership with Suffolk County Council, opening for business late 2020.  Eligible Norfolk and Suffolk businesses contributing to the rural economy  Business planning and project development service delivered by three Business Mentors  Project aimed at new and existing micro and small businesses who are aiming to grow.  At the end of the project and business planning process participating businesses can apply for a capital grant of between £5,000 and £30,000 at 40%

• f eligible costs.

 Grant decisions will be made by Local Investment Boards (a bottom up model developed from Local Action Groups)

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And finally…the Food Innovation Centre

• At the Food Enterprise Park, near

Norwich, but a regional project.

• An ambitious project from Broadland

District Council in collaboration with UEA, Hethel Innovation, the Quadram Institute and other locally based sector specialists.

• The new Centre is due to be built in

2021, with a linked programme of innovation activity in food businesses from 2021 to 2023. What will the project do for your business?

• Provide lettable food-grade business

units in a prestigious setting

• provide bespoke innovation support

to food businesses across the region

• develop a world leading agri-food

cluster

• enable ground-breaking innovation

collaborations with NRP

• support distribution channels and

export opportunities Let us know if you’d like to be on our mailing list for Food innovation Centre news….and watch this space!