Tees Valley Business Compass: Innovation vouchers

Tees Valley Business Compass offer grants towards R&D activity, and to access specialist innovation facilities, technology specialists, equipment, product process or service design to facilitate job creation.

Example Projects might include:

  • Access to specialist testing equipment or machinery
  • Market research
  • Data testing and analysis for new product development
  • Product, process or service design
  • Intellectual property
  • Market exploitation

Grants Fund:

Grants of 33% are available for projects, with average grants of £11K*

(*subject to funding caps, State Aid restrictions & value for money considerations)

To be eligible your business must:

  • Have strong growth ambitions
  • Be within the local authority areas of Hartlepool, Stockton-on-Tees, Middlesbrough, Darlington, Redcar & Cleveland
  • Meet all ERDF eligibility criteria (this generally excludes primary agriculture, banking & financial services, activities related to education or social care and those sectors trading directly with consumers e.g. retail and hospitality

How does the process work?

Please register your interest (external link) for more details and to arrange a meeting with a Tees Valley Business Compass Growth Consultant.

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