Innovate UK is launching a new funding competition called ‘Creative Industries Fund’. As part of UK Research and Innovation, the fund will invest up to £2.5 million in innovation projects – and applications close on 16th June, so don’t miss out!
The aim of the Creative Industries Fund is to provide a package of targeted support for growth so ambitious, creative businesses can reach their potential.
UK registered micro and small businesses in the creative sector can apply for a package of support to grow their business, and with funding of up to £25,000 for innovation projects available, this support could open a new door for your creative business.
Supporting creative industries
If you’re interested in applying for the fund, make sure to sign up for Bristol Creative Industries’ event ‘Access to funding for the creative industries – all you need to know‘ on 7th June.
The webinar, delivered by Dr Ben Masheder and Adele Reynolds of Business West’s Access to Funding and Finance Team and James Wheale, Creative Sector Lead at Innovate UK EDGE, is set to discuss any and all funding currently available to the creative sector, but with a special focus on breaking down criteria for the Creative Industries Fund.
The package is designed to help creative businesses to explore new revenue streams by creating new products, services or IP which respond to changing market conditions – so if your application ticks these boxes, you’re more likely to be successful.
There are a few terms and conditions to be eligible for the fund. Innovate UK is looking for projects that offer a clearly innovative and ambitious idea, is new to your business and creates a new revenue stream, that responds to evolving market demands, will be market-ready within 12 months of receiving support and represent value for money.
Your proposal must be from the creative industries or support the creative industries, focus on a clear opportunity and the proposed innovation to address it and demonstrate the impact funding and support can have to the growth plan of your business.
The fund is aiming to support a portfolio of projects, across a variety of creative subsectors from every part of the UK. Your project must focus on one or more of the following subsectors: advertising and marketing, architecture, arts and culture, broadcasting including sport, crafts, design, fashion, film, games, music and publishing.
For more information and details on how to apply, see here – and keep your eyes peeled for more CreaTech related news and features coming throughout June for CreaTech Month.