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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
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