AEROSPACE UP INNOVATION GRANT
Interested in applying? - If you are wish to accessing grant funding through Aerospace UP, please contact AerospaceUP@nottingham.ac.uk including, if not already submitted, a completed copy of the SME Enrolment Form.
If eligible, a member of the team will be in touch to arrange an initial meeting to discuss your ideas.
AM I ELIGIBLE?
Coventry & Warwickshire
Derby, Derbyshire, Nottingham & Nottinghamshire
Greater Birmingham & Solihull
Leicester & Leicestershire
South East Midlands
Stoke-on-Trent & Staffordshire
Be active in, or looking to diversify into, the aerospace supply chain.
The activity funded should aim to develop new innovative products to either the firm or the market.
If unsure, visit the Assisted Area Maps to check which LEP area your company is based in.
To access support from Aerospace UP you must be a SME (fewer than 250 employees, a turnover of less than €50 million, or a balance sheet total of less than €43 million) located in one of the following area:
HOW MUCH FUNDING IS AVAILABLE FROM AEROSPACE UP?
D2N2 (Derby and Derbyshire, Nottingham and Nottinghamshire
SEMLEP (Northamptonshire, Bedfordshire, Northern Buckinghamshire
Leicester and Leicestershire
Greater Birmingham and Solihull
A grant of 42.67% is available on eligible project spend between £2,343 and approx £234,356. This equates to a grant of between £1,000 and approx £100,000. Project spend can exceed the offered grant amount but it will be capped at the agreed grant amount.
Stoke and Staffordshire
A grant of 52.9% is available on eligible project spend between £1,890 and approx £189,035. This equates to a grant of between £1,000 and approx £100,000. Project spend can exceed the offered grant amount but it will be capped at the agreed grant amount.
The length of the proposed project can range in length. However, due to the programme ending on 31st December 2022, a project starting on 1st January 2022 would only have funding available for 8 months until 31st August 2022.
WHAT IS THE PROCESS?
We operate a rolling call and Expression of Interests can currently be submitted at any time.
After the submission of your Expression of Interest, we will review your innovation project’s eligibility for grant funding. Successful projects will be invited to submit a Full Proposal. The Full Proposal will have to be returned within 4 weeks of afore-mentioned invitation.
Dependent on the complexity of the proposed project, representatives from the applicant may be required to make a presentation and answer questions at a panel meeting.
Please note that applicants should allow a minimum of 3 months for the progression of applications through the entire process, although each project will be different and your Aerospace UP contact will provide clearer updates on the timescales once your application has been received.
You can download an example of the Expression of Interest form here (though please note that this form is for information only, please do not fill it in before speaking to a member of the Aerospace UP team).
Expression of Interest
Innovation Grant Agreement