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Grants
... and
Funding |
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Investment
Enhancement Fund / SME Fund
These are Objective 1 funded grant schemes co-financed
through the DTI's Regional Selective Assistance (RSA) scheme.
The schemes provide discretionary grant aid which gives assistance
towards projects which meet the criteria outlined below. As the
schemes are co-financed by RSA, they follow the eligibility rules
for RSA (see above).
Additional grants providing up to 35 per cent of capital costs
(and 50 per cent of revenue costs for SMEs) can be given to companies
through:
-
contributing
additional resources to projects receiving RSA grant (the average
of which is 15-20 per cent of capital costs) where these projects
have a broader impact than would be supported by RSA.
-
provision of support to projects not eligible for RSA (perhaps
where the jobs yield is low in relation to the level of capital
expenditure) but the impact for South Yorkshire is great in
terms of R&D or innovation, sufficient to warrant public sector
support.
To
qualify for funding from these schemes, companies must operate within
one of the following sectors:
- High
Technology Services (Digital/ICT)
- Advanced
Manufacturing
- Biosciences
- Environmental
Services
- Cultural
and Creative Services
- Business
and Financial Services
Eligible
expenditure includes:
- Capital
equipment and machinery toup new
markets for new products and/or services (including IT)
- R&D
- Consultancy
support
-
Development of links with universities
Non-eligible
expenditure includes:
- Buildings
(covered by RSA or Enterprise Grant)
- Training
(covered by other funding schemes)
- Relocation
(the grant is for expansion only)
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