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Innovation Vouchers

GBSLEP and Others

Receive the funding you need to drive innovation and business growth for your company with an Innovation Voucher

Innovation Vouchers are distributed through a scheme managed by Aston University, in partnership with Birmingham City University. An Innovation Voucher is £2,500 of part-funding offered to eligible companies by the European Regional Development Fund (ERDF) to spend on business innovation and business growth activities. The Innovation Vouchers scheme targets SMART specialisation sectors and aims to develop new processes and systems to improve efficiency of small to medium-sized companies (SMEs) and to bring new products and services to market.

The Innovation Voucher enables SMEs in Greater Birmingham and Solihull, Black Country and The Marches to:

  • Apply for financial support, a £2,500 Innovation Voucher, to access external expertise with knowledge base organisations (research institutes) to support and deliver your innovation project. Please note Innovation Vouchers are available on a strict first come first served basis.
  • Access free support in the form of business innovation workshops to make your company more competitive and able to manage business innovation and business growth more effectively.
  • The value of the Innovation Voucher will need to be matched with a £1 contribution to every £1 received. The typical value of an Innovation Voucher is £2,500 meaning you would also contribute £2,500 to create a total business innovation fund of £5,000.

 Innovation workshops are also available through the innovations vouchers scheme, the workshops are funded by the European Regional Development Fund (ERDF) and therefore eligible companies can participate for free.

The Innovation workshops are run on the three specific topics by leading academics from Aston University and Birmingham City University. On completion of two workshops delegates receive a prestigious ‘managing innovation in business’ certificate.

The workshops will help participant SME leaders identify, understand and assess essential strategic and cultural competences, as well as organising mechanisms needed to effect innovation in their organisation.

Participants will be given the opportunity to consider their own funding strategies and how best to pursue commercial finance in the future. In short these workshops will give you initial tools from which to work directly on your business.

If you require any further details please contact:

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