Small and medium-sized businesses from the Bath area are being encouraged to apply to a £4m fund that aims to help them develop new products and services and create jobs.
The University of the West of England’s (UWE Bristol) Innovation4Growth (I4G) programme part funds research and development projects with grants of between £25,000 and £150,000 to cover up to 35% of the project’s total cost.
Financed through the Regional Growth Fund, the I4G programme aims to support businesses to create new, and safeguard existing, jobs through the development of innovative products, technologies, processes and services. 
Last year 40 businesses across the West of England received I4G grants, creating 183 jobs and safeguarding nearly 250 existing jobs between them.
A distinctive characteristic of the I4G scheme is the university’s emphasis on providing businesses with practical, face-to-face support throughout the application process, primarily at its confidential drop-in sessions held across the South West.
UWE pro vice-chancellor for research and business engagement, Prof Martin Boddy, said: “We are delighted to be offering another round of I4G funding. Last year the programme was directly responsible for attracting more than £7m of private sector investment in research and development and grant beneficiaries committed to securing 432 regional jobs. On that basis, the new fund means new products, new services and hundreds of jobs for the South West.
“We take our role as a supporter of SMEs and a facilitator of innovative research and development activity very seriously. Building networks that help to promote economic growth, sustainability and innovation is at the heart of our corporate strategy, and is reflected in the initiatives we lead, from I4G to the highly successful iNet South West projects.
“Our research and business development managers are ‘hands-on’, supportive professionals, who put the needs of the businesses they engage with first – helping them to achieve their commercial goals. This distinctive approach was recognised last year when UWE became the first university to be shortlisted for the National Business Awards, in the Blackberry Business Enabler category.
“Any business in the South West that is undertaking an innovation or research and development project – from start-ups and micro enterprises, to more established companies – should consider applying for an I4G grant. Our ‘enabling’ approach is evident in the simple application process and in the support available through the advisors. We aim to make the process as painless as possible.”
UWE is holding drop-in advice sessions for potential applicants next week. For more information, or for a confidential discussion about a potential application, contact the I4G Team on: innovation4growth@uwe.ac.uk.
