Grants up for grabs for Stockport’s innovative businesses

Innovative businesses in Stockport are being invited to apply for funding to bring new products and services to market.

Innovation Vouchers via the GC Business Growth Hub will provide grants of £3000 to £5000 and link ambitious SMEs with support from local universities and research facilities.

Companies with fewer than 250 employees can use the funding for research and development, to access facilities or equipment and to take forward product design. Support with knowledge transfer and consultancy is also available. All that’s needed is an innovative plan for a new product or service, and a willingness to invest £1 for every £1 in grant funding.

Dharma Nurse, Senior Innovation Development Manager at GC Business Growth Hub said:

“The Innovation Vouchers scheme is a fantastic opportunity for businesses in Greater Manchester to take their growth ambitions to the next level. Our local business community is brimming with ideas – and all many of them need is a helping hand to turn their dreams into reality.

“Investing in innovation isn’t always easy however, despite the R&D tax incentives which are available. Also, funding isn’t the only requirement – being able to tap into expertise and support is also vital and that’s where the Innovation Vouchers come in.”

Long-term partnerships are available via the scheme with Greater Manchester’s world class universities including The University of Manchester, Manchester Metropolitan University, The University of Salford, The University of Bolton, and The Science and Technology Facilities Council campus based in Daresbury. Recognised research institutions (usually not-for-profit) can also provide expert advice and support through the voucher programme.

Applications for the Innovation Vouchers are open now, through to the end of 2022. To find out more and apply, visit the Business Growth Hub website.