Businesses are being invited to apply for funding through the Business Basics Fund.
The Business Basics Fund, a series of open competitions, is the main element of the Business Basics Programme. The fund aims to build evidence on how to encourage SMEs to adopt productivity boosting technology and/or management practices. It is administered by Innovate UK on behalf of BEIS.
Under the second round of the Business Basics Fund, for which a total of up to £2 million is available, 2 types of project will be funded: trials and proof of concept.
Rules and guidance applying to both types of project
- all project work must be carried out in England
- all selected projects must start by 1 September 2019 and can last up to a year
- further guidance and help on evaluation / finding partners available via the above links
- a networking event and evaluation masterclass will be held
Trial projects – non-business or business led
- aiming to generate robust evidence on the most effective approaches, and build an understanding of the short, medium and long-term impacts of these approaches
- grant funding of up to £400,000 per project
- you must have an evaluation plan, and, ideally, an evaluation partner
- non-business led trials – where the lead applicant is a public sector organisation, a university, or research and technology organisation (RTO), a charity, or a not for profit company. Businesses can participate as collaborators but cannot be the lead applicant: use appropriate link above
- business-led trials – where the lead applicant is a business: use appropriate link above
Proof of Concept projects
- ideas at an earlier stage of development
- grant funding of up to £60,000 per project
All applications must be submitted before the 17 April 2019 deadline.
For help finding a potential partner, contact businessbasicsIGL@nesta.org.uk by 5pm on 11 March 2019.
For more information about submitting an application on the IFS system, email email@example.com or call the competitions helpline on 0300 321 4357.
For further information, visit the gov.uk website here.