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What do we offer SMEs?

What do we offer SMEs?. Access to the expertise and facilities of the Knowledge Base Help SMEs commercialise low carbon innovations Set industry led challenges for SMEs to bid for Prepare SMEs for Investors and Grant Funders

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What do we offer SMEs?

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  1. What do we offer SMEs? • Access to the expertise and facilities of the Knowledge Base • Help SMEs commercialise low carbon innovations • Set industry led challenges for SMEs to bid for • Prepare SMEs for Investors and Grant Funders • Access to the ICN – International Cleantech Network – worldwide challenges and opportunities

  2. ICN Challenges • Desalination and water resource management (South Africa) • Use of Green Infrastructure in Cities (Athens) • Data management for Smart Cities (Norway)

  3. Greentech South supports low carbon, clean growth business Meet the team: Keiron Roberts, Research Fellow in Low Carbon Technologies Chloe Hart, Bid Writer and Project Manager Richard Hall, Business Development and Programme Manager Vasiliki-Celia Antoniou, Project and Communications Administrator David Hutchinson, Director  www.greentechsouth.com

  4. What else is out there? • Solent LEP Funds • EM3 LEP funds • Innovate UK and the Knowledge Transfer Network • Energy Entrepreneur’s Fund • Shell challenge • WRAP – plastic Challenge and more

  5. A comprehensive range of assistance including grants, loans and signposting to other dedicated business support providers. • Accessible telephone support available to all businesses operating in the Solent, or with aspirations to relocate to the region, whether looking for support to establish a new start-up, or help to drive forward growth in an established SME. • Expert guidance in LEP funding applications, from assessing suitability to ascertain the best route for business to pursue, to providing pre-submission support on applications including bid-writing and basic sense-checking. • Funding to provide opportunities for both start-up and existing SMEs seeking to grow, and for businesses and other organisations to deliver larger capital projects Business Support From Solent LEP

  6. Start-up Solent • High-Growth Start-ups: Your application must show detailed business forecasts and projections of turnover or employment growth of 20% for the next three years • Capital Investment for the delivery of new processes, products or services and/or developing new markets • Investment Funds from £10,000 up to £100,000 • Fit within LEP Priority Sectors • Designed to help create better, higher-paying jobs, develop skills, talent and innovation, and unleash business growth • The fund can provide up to 40% of total project costs • You must have been registered with Companies House for less than a year, but not have begun trading at the time of application • Proposals must be delivered in the Solent LEP area The Funds:Solent Prosperity Fund

  7. Small Business Expansion Fund • Helping SMEs with ambitions to scale up and unleash further growth potential • Capital Investment for the delivery of new processes, products or services and/or developing new markets • 2 possible routes: • Apply for up to 20% of total project costs, up to a maximum funding contribution of between £10,000 and £100,000 • SMEs with larger, more complex projects can access the Growth Accelerator Programme which provides help to develop business growth plans, and if identified by your business coach as an eligible proposition, you could apply for LEP funding of between £100,000 and £500,000 • Proposals must be delivered in the Solent LEP area • Fit within LEP Priority Sectors Solent Prosperity Fund

  8. Large Projects • For large scale projects from either the public or private sectors • Capital Investment only in the period 2018/19 to 2020/21 • Minimum funding request threshold for Large Project applications is set at £500,000 and the maximum funding request threshold is set at £14m • The focus of this funding route is to invest in projects that can unlock or accelerate housing delivery, employer-led skills projects, improve transport and digital connectivity and deliver infrastructure projects that support growth in our priority sectors • The funding support is being made available in the form of either Grants, Loans or Forward Funding • For private sector projects, a maximum contribution of 20% (subject to state aid) can be made available • For public sector infrastructure and skills infrastructure projects the maximum LEP funding contribution is 70% (subject to state aid) Solent Prosperity Fund

  9. Some Tips • Have a clearly defined project • Answer the question and do your homework • Meet the people who are funding it • Speak their language • Be in it for the long run • Be flexible/show how the funds will add value • Submit on time • Best of luck

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