Transport businesses from around the East Midlands are now able to access £1.5m worth of funding and support to drive forward innovation, through the Transport iNet which has been awarded funding from ERDF.
The LUMINATE Programme assists small and medium sized (SME) businesses involved in all transport subsectors (Automotive, Motorsport, Marine, Aerospace and Rail) by providing practical and financial assistance to support advanced manufacturing, engineering & technology. The programme has so far been able to help SMEs with finance for research and development collaborations with universities, innovation support grants for capital expenditure and development of innovative new products, processes and services costs when bringing an innovation to market.
Some key points of the programme are:
- Support East Midlands based SMEs
- Funding can be spent on revenue and capital items
- Projects must create one or more jobs.
- Companies may also access up to 2 days of research work carried out by our internal researcher. This may be carried out prior to a funded project application or may be entirely standalone.
Read more about the LUMINATE programme here