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Northern Powerhouse Investment Fund Mark Wilcockson Senior Relationship Manager March 2017 @NPIFBBB www.npif.co.uk Northern Powerhouse Investment Fund What is NPIF? 400m+ of funding for SMEs in the Northern Powerhouse Investment


  1. What support is available? • Minimum grant £25,000, maximum £1m • Amount available is based on eligible project expenditure • Dependant on company size: typically 10% – 20% of eligible project expenditure • Up to 30% support available in Assisted Area of East Riding

  2. Appraisal criteria • State aid regulations must be adhered to • Value for money: average £8,000 - £10,000 grant per job created or safeguarded • Need to prove the investment wouldn’t happen without grant • Grant must be the minimum necessary for investment to go ahead • Activity must not have started and no financial or legal commitment to the project

  3. Application process • Apply at any time • Two stage application process: 1. Submit EOI 2. If eligible, we invite full application • Decisions made by Investment Panel which meets bi-monthly • Light touch appraisal pre-Panel • Due diligence after approval in principle by Panel (fee payable at this stage – 3% of grant) • Grant offer after due diligence

  4. Contact us • Phone 0191 389 8434 • Email letsgrow@be-group.co.uk • Download EOI form and guidelines from www.be-group.co.uk

  5. Any questions?

  6. The Opportunity £4million project (part funded by ERDF) to stimulate innovation in SMEs Development of new products and processes in York, North Yorkshire and East Riding Project delivered by the University of York August 2016 to July 2019 40% grant for equipment purchases Project spend of £20k-£50k (grant of £8k-£20k) Support for 100 SMEs 70 capital grants awarded (£16k-£20k grant each) 30 additional business supports

  7. The sectors Health & Social Care Electronics Based Bioscience Digital & Creative Media Manufacturing (bio/chemical) Food & Drink

  8. The Opportunity Two stage application process 1. EOI (gateway eligibility check) 2. Full Application (detailed business case) Businesses need to purchase the equipment before reclaiming the grant Businesses to provide 60% match funding

  9. Funding Calls Funding Call 1 - now closed Funding Call 2 - open Funding Call 3 - due to launch September 2017 Five funding calls planned in total

  10. Call 1 Project Example Company SME based in York who manufactures advanced electron beam sources used in electron microscopes Project £20k grant requested to improve their existing manufacturing processes to reduce unit cost and improve yield/quality Aim To secure Original Equipment Manufacture (OEM) contracts Outcomes Two bespoke manufacturing processes developed Two technical operatives recruited Increase in sales of ~ £1m by 2019

  11. For more information call 01904 328080 or visit: www.papi.org.uk @PAPI_project Contact: Vicky Wren Grants Project Manager Ron Cooke Hub University of York York YO10 5DE

  12. th March 2017 Y|NY|ER LEP Funding Seminar | 27 th Manufacturin ing Growth Programme Presented by James Smith Manufacturin ing Gro rowth Manager, Y|NY|ER Regio ion

  13. The Manufacturing Growth Programme • Who are EGS? • What is MGP (Like MAS/GA)? • National & Local Programme (c.20 LEPs) • Started in October 2016

  14. Funding Essentials • Eligibility • Manufacturers • SMEs • Grant Essentials • 35% • £2,860 to £4,000 • £1,000 - £1,400 Grant Size • 4 months to complete projects • 18 months funding • Scope • External consultancy, coaching, mentoring, advice & expertise • Support growth • Job creation

  15. The Process & Scope Comprehensive business review with feedback plotted to prioritise and scope improvement actions

  16. Broad Scope • Str trategy to deli liver support – 15 busin iness areas, in inc ……..  Business strategy  Marketing & market knowledge  Productivity and capacity  Product innovation & NPD  Supply chain  Financial management  Quality  Systems, procedures  Leadership & management, change

  17. Impact Report up to January 2017 Y|NY|ER LEP SME Size SME Turnover Areas for Improvement Identified Support Received Manufacturing Growth Programme Grants Offered

  18. Customer Journey • Referral /Client Contact Form (CCF) • Eligibility/Suitability • Review/Diagnostic - SBRQ • Define Improvement Project • Grant Application – we support • Claim

  19. My Contact Details If you have an SME client who could benefit, get in contact with your local team - details below - and let us help lp you help lp your cli lients. Ja James Smit ith Manufacturing Growth Manager Tel: 07790 358525 Email: james.smith@egs.live

  20. The project covers ERDF Investment Priorities 3a and 3d Priority 3a - Promoting entrepreneurship, in the exploitation of new ideas and fostering the creation of new firms, in Humber and Y,NY&ER Specific objective: Increase entrepreneurship, particularly in areas with low levels of enterprise activity and amongst under-represented groups .

  21. Priority 3d - Supporting the capacity of small and medium sized enterprises to grow in regional, national and international markets and to engage in innovation processes in Humber only not Y,NY & ER Specific objective: Increase growth capability of small and medium sized enterprises.

  22. Working with professional business support practitioner partners across the area of York, North Yorkshire & East Riding and the Humber LEP footprint, ENTERPRISE! will provide, support and preparation to deliver sustainable self- employment opportunities in the region. ENTERPRISE! will provide the missing early support for the pre-start, new start and early start ‘self - employment’ sector and help to identify potential high growth businesses

  23. PARTNERS

  24. ENTERPRISE! EE Helping everyone to develop their business idea ERDF eligible vs Non eligible ERDF Clients will be supported to define ideas, work the ideas into a viable business plan and shape a test-trade to prove validity start a business, obtain a UTR Move to ENTERPRISE! growth support referral to appropriate Growth Hub up to £1000 grant ( matched £ / £ )

  25. Growth Support Access to a ‘match funded’ grant, of up to £1000 for essential equipment to help grow the business Eligible ERDF businesses only Non eligible businesses to be signposted to the Growth Hubs

  26. HELP TO TAKE ON STAFF Access to a further ‘match funded’ grant, up to £1000 to be used for the recruitment of a first employee Eligible ERDF businesses can have help to develop a recruitment plan, advertisement, staff induction, contract of employment and employee handbook, as well as have that grant fund to buy any essential equipment Again, non-eligible business to be signposted to the Growth Hubs for further help

  27. HELP TO IMPROVE FINANCIAL UNDERSTANDING Financial guidance and support to access the most appropriate financial products for their business Eligible ERDF businesses can be worked with more intensively to achieve the necessary level of financial competence and understanding but workshops will be delivered to a wider audience IDB - signposting to the Growth Hubs for additional further help

  28. Thank you for your interest in ENTERPRISE! Adrian Shaw adrian.shaw@eastriding.gov.uk

  29. Coventry University Enterprises Ltd Digital │ Advantage Martin Lucy Sustainable environments for a global, knowledge based economy

  30. Digital │ Advantage Project Aim: To improve the use of digital technologies amongst SMEs through the delivery of digital technology workshops and 1 to 1 support. Sustainable environments for a global, knowledge based economy

  31. Digital │ Advantage Support will cover the adoption and use of new and existing digital and mobile technologies such as: • Web optimisation • Social media • Creating web content • E-commerce • Cyber security • Emerging technologies • Digital technologies in • Advice on accessing Sustainable environments for a global, knowledge based economy manufacturing appropriate finance

  32. Digital │ Advantage Delivery through: • Workshops (Thematic and/or Sector Specific) across North Yorkshire • One to One consultancy support (up to 4 days) • Grant funding for SMEs up to £5k for external consultancy support Sustainable environments for a global, knowledge based economy

  33. Digital │ Advantage All ERDF eligible – target LEP priorities Sectors: Geography: North Yorkshire Audience: SMEs not currently utilising digital technologies to the full but have the capacity to benefit from support Early summer 2017 – Dec 2019 Dates: Sustainable environments for a global, knowledge based economy Outputs: 150 SMEs supported (60 recieving grants)

  34. Digital │ Advantage Any Questions? Martin Lucy mlucy@cad.Coventry.ac.uk Sustainable environments for a global, knowledge based economy 07557 425498

  35. Stimulating Innovation in the Agri-Food Sector

  36. About SIAFS Aims to support agriculture & food businesses in developing their business through innovation • Funded by the European Regional Development Fund • Partnership between Science City York & Fera Science Ltd • Available to businesses in West & North Yorkshire and East Riding with less than 250 staff • Aims to support 220 businesses over 2 years • No financial contribution from businesses “Innovation is crucial to the success of any business”

  37. Innovation “Innovation is simply making a change to your business so that you can grow, develop and expand your business. This could be as simple as updating your marketing strategy or it could be developing a new product or technology.” We can help you develop & improve your: Production Logistics Technologies Packaging Business Strategy Marketing

  38. What We Offer - Diagnostic Tool & Business Development Manager Individual support and action plan. Free Masterclasses & Workshops - On Business Innovation, Product Development, Packaging, Exporting, Marketing, Financial Planning, Food Safety, Food Technology & more. - Fully Funded Voucher Scheme Vouchers for £2k or £5k are available for use at Fera Science Ltd. These can be used for their Food Testing services (to ensure compliance with food safety laws), Risk Identification services, Pesticide Control services and other agri-food research. - Networking Events Networking events will introduce agri-food businesses to one another and to business experts.

  39. Outcomes The project aims to help businesses: make small improvements on production, technique, logistics, technologies and marketing;  with their scientific needs, through Fera, to help them develop;  improve sales and find new markets;  develop an idea for a new product or technology;   meet the needs and trends of consumers, or create a new trend. This will: Create economic growth; • Create jobs; • Link Yorkshire agri-food businesses to create a strong industry. •

  40. Contact Register: www.agrifoodinnov.com 01904 554130 agrifood@makeityork.com

  41. ERDF- funded “BioVale project” Helen Shiels, 27 March 2017 79

  42. What is the ERDF- funded “BioVale project”? Key aims: Activities: With thanks to our funders 1. BDC: 120 R&D projects to help Build the region’s regional SMEs overcome or develop new processes or bioeconomy in order to products using plants, wastes or create jobs and stimulate microbes. sustainable economic growth 2. Biovale: establishing an internationally recognised, Sept 2015 – Sept 2018 regional cluster for innovation in the bioeconomy. 80

  43. Who’s involved ? BDC University of York Technology Demonstration development Early stage and and scale up strategic research Networking; R&D partnerships Training Supply chain development Trade and investment, advocacy BioVale 81

  44. 120 pre-funded R&D projects at the BDC 82

  45. Who are these R&D projects relevant for? Businesses Who’s involved With thanks to our funders • • • • • • • • • 83

  46. Eligibility criteria? Size With thanks to our funders SME less than 250 employees, annual T/O less than € 50M Location Prior funding Based in York, North is OK (unless over Yorkshire & East € 200K of GBER28 aid Riding, or Leeds City over a 3-year rolling Region areas period). 84

  47. What BDC clients have said… We’re thrilled to be collaborating on technologies that can help us commercialise our naturally-derived products. Working with the BDC has given us access to processing expertise and advanced process technology that we would not have found elsewhere. The results from the BDC’s microbial review has helped with effluent process improvements Citrefine, Leeds which will significantly reduce our dispoal bill to Yorkshire Water. We are now looking at how we can make this a permanent change across the brewery plant. Black Sheep Brewery, Masham The BDC’s microbial review can help us reduce spoilage in our chees making process, saving us £8,500 a year Wensleydale Creamery 85

  48. BioVale promotes and develops Yorkshire and the Humber as an innovation cluster for the Bioeconomy. BioVale helps regional bioeconomy businesses by: ● streamlining access to research & expertise ● providing specialised networking, training & support ● connecting to export markets, investors and funders High-value Agri-tech Value from Biofuels & biochemicals biowaste biorefineries www.biovale.org

  49. BioBase4SME Innovation Biocamps Funded intensive training worth € 7,000 in key aspects of business growth for new biobased SMEs Covers value proposition, business modelling, financing, people and risk management for growth Venue Hawkshill Manor, York, UK • Mentoring by successful business leaders 23 – 28 July 2017 • Master classes with experts in finance, Deadline for application regulation, risk and opportunity 19 May 2017 • Live pitch to panel of specialist investors Further information • Peer-to-peer learning with high growth www.biovale.org businesses from across EU

  50. No formal application, just get in touch ! Fabien Deswarte Helen Shiels Jack Ames BDC BDC BDC & PAPI fabien.deswarte@york.ac.uk helen.shiels@york.ac.uk jack.ames@york.ac.uk 01904328043 07880 182863 www.biorenewables.org www.biorenewables.org www.papi.org.uk 88

  51. www.biorenewables.org With thanks to our funders 89

  52. Dawn Hall Business Support Project Manager East Riding of Yorkshire Council

  53. What is the Green Port Growth Programme? £25.7m of Regional Growth Funding to deliver a programme of support including financial assistance to the emerging renewables sector Site Assembly Research, Business Development & Support & Innovation Advice Green Port Growth Business Employment & Investment Skills Grants Inward Investment & Internationalisation Funding available until March 2019

  54. Aim “To develop indigenous business growth within the sector and secure long-term economic growth and employment for the region”

  55. Types of Support Green Port Supplier Directory “Provides a single contact for a vast array of skills and resources, and demonstrates the capabilities, knowledge, services and products businesses have to offer”

  56. Types of Support Business Support & Advice Independent appraisals to identify needs Information on opportunities within the industry A series of workshops & events to support development and knowledge Financial Support for identified development needs Dedicated Supply Chain Coordinator

  57. Types of Support Employment & Skills Apprenticeship wage subsidies Up-skilling training subsidies Wage subsidies for members of disadvantaged groups Pathway to Employment project

  58. Contact Website www.greenporthull.co.uk Phone or email the Business Support team on 01482 391639 greenportgrowth@eastriding.gov.uk

  59. Refreshments

  60. Information Session 2

  61. YNYER LEP Priorities 1.Profitable and successful businesses 2.A global leader in Agri-food and biorenewables 3.INSPIRED PEOPLE 4.Successful and distinctive places 5.A well connected economy

  62. Inspired People ‘To ensure our area meets its potential and our ambitious people are equipped with the right skills now and in the future.’

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