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

@NewAngliaLEP Funding support for food businesses and the Food Innovation Centre project Emma Taylor, Funding Manager New Anglia Local Enterprise Partnership

@NewAngliaLEP 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 And on the way… • LEP grant programmes • Signposting to other programmes • 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

@NewAngliaLEP Other opportunities BEE Anglia Invest East A free "investor led" programme to support Norfolk and Suffolk businesses Grants up to £20,000 to help a business to understand and prepare to raise to move towards zero carbon equity and other forms of finance. http://www.beeanglia.org/ https://investeast.co.uk/

@NewAngliaLEP 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% of eligible costs.  Grant decisions will be made by Local Investment Boards (a bottom up model developed from Local Action Groups)

@NewAngliaLEP What will the project do for your And finally…the Food Innovation Centre business? • At the Food Enterprise Park, near • Provide lettable food-grade business Norwich, but a regional project. units in a prestigious setting • An ambitious project from Broadland • provide bespoke innovation support District Council in collaboration with to food businesses across the region UEA, Hethel Innovation, the Quadram Institute and other • develop a world leading agri-food locally based sector specialists. cluster • The new Centre is due to be built in • enable ground-breaking innovation 2021, with a linked programme of collaborations with NRP innovation activity in food businesses from 2021 to 2023. • 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!