Funding
for Manufacturers
More
manufacturers of Caribbean Food and Drink are required to
fulfill the future demand for packaged products in the supermarkets.
Those existing need to ensure their plants are ready to
meet major orders of 20,000 (or much more) units
per day.
Manufacturers
have access to a number of different funding streams; details
of some available are listed below with contacts for who
to talk to for application information.
Single
Regeneration Budget (SRB)
Single
Programme
Regional
Selective Assistance (RSA)
Enterprise
Grants
The
European Regional Development Fund (ERDF)
The
European Social Fund (ESF)
Manufacturing
Advisory Service London
Industry
Forum Adaption
Supply
Chain Groups
Basic
Technologies Programme
Grant
for Innovation Capability
Electronics
Design Programme
Single
Regeneration Budget (SRB)
The Made in London Single Regeneration Budget (SRB)
scheme is a grant-aided series of projects aimed at bringing
a new level of support to manufacturing industry in London.
It is an independent partnership led by Made in London but
also including the London Borough of Enfield, Urban Futures
Ltd, the Thames Gateway London Partnership, the Park Royal
Partnership, the South London Partnership, Business Link
for London, Enfield Education Business Partnership and a
number of London local authorities and universities.
Grant
support comes from the Government via the London Development
Agency, set up by London Mayor Ken Livingstone as part of
the new structure of London government. The grant scheme
is part of the Single Regeneration Budget Challenge Fund.
The accountable body is the London Borough of Enfield. Some
£6.3m of grant will be matched by further private and public
funding to produce a total of £13m of funds over the scheme's
five-year lifetime.
The
SRB scheme aims to bring a wide range of support to local
manufacturers, from training to environmental improvement.
It will mainly focus on delivering support via estate and
sector support groups and engaging schools to improve the
image of manufacturing among young people.
Contact Helen Hill on 0207 203 1955
Single
Programme
Single programme funding is a new initiative from the
London Development Agency and Made in London.
For details on the project contact Charles Kitchin on
020 7203 1937
Regional
Selective Assistance (RSA)
RSA is a discretionary grant, which provides assistance
for projects with fixed capital expenditure over £500,000.00.
Alternatively, in certain circumstances, grant may be assessed
against net new jobs created. However, all projects must
create or safeguard jobs in the Assisted Area. From 1st
April 2002 administration of Regional Selective Assistance
passes to the London Development Agency.
www.lda.gov.uk
Enterprise
Grants
This is available to small and medium sized businesses
in the Assisted Areas and other specified areas of England.
Grant available is up to a maximum of £75,000 on projects
with up to £500,000 capital investment. In general, high
growth businesses seeking to maximise value added projects
with quality output are given preference.
www.lda.gov.uk
The
European Regional Development Fund (ERDF)
Aims to improve economic prosperity and social inclusion
by investing in projects to promote development and encourage
the diversification of industry into other sectors in areas
lagging behind. This fund is available in Objective 1 and
2 areas.
www.eurofundingnw.org.uk
The
European Social Fund (ESF)
Funds training, human resources and equal opportunities
schemes to promote employability of people in both Objective
1 and 3 areas. In Objective 2 areas ESF may be used to complement
the ERDF activities.
www.eurofundingnw.org.uk
Manufacturing
Advisory Service London
Provides free information to all UK manufacturers, and
specialised assistance for smaller and medium-sized manufacturing
firms in England and Wales, who want to improve their operations
and make use of the best manufacturing practices and available
expertise.
www.mas-london.co.uk
Industry
Forum Adaption
Intermediary organisations, such as trade associations
and industry research bodies, can bid for grants to support
the creation of sector based, development projects. Activities
aimed at raising competitiveness, such as collaborative
partnerships for skills development, networking and supply
chain improvement, can be supported.
www.dti.gov.uk
Supply
Chain Groups
Provides funding to companies manufacturing or purchasing
components for motor vehicles to undertake supply chain
development activities. To qualify, a group of companies
must be formed consisting of a host company with at least
eight suppliers taking part. Activities must be aimed at
increasing the capability of the supply chain as a whole
as well as the individual companies.
www.supplychaingroups.co.uk
Basic
Technologies Programme
Supports industry to exploit new and existing technologies
through technology transfer.
www.basictechnologies.gov.uk
Grant
for Innovation Capability
Offers
help to small and medium-sized businesses and individuals
to improve their capability to innovate. A grant may be
provided that will reimburse some of the costs of obtaining
expert help and advice to plan the development of an innovative
product, process or service.
www.businesslink.org/innovation
Electronics
Design Programme
Helps businesses involved in the design of electronic
products and systems to take advantage of the opportunities
offered by recent advances in methods of electronics design.
www.e-design.org.uk
Source:
http://www.madeinlondon.org/funding.asp
