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Richmondshire businesses will be invited to a virtual event to learn more about funding opportunities.

After a difficult year for local companies, the team of the PAPI (product and process innovation) project teamed up with the district council to give companies an overview of the wide range of subsidies and business subsidies.

Hosted on July 15 from 8:00 am to 10:00 am on Zoom, the event will feature presentations from a range of funding programs, with case studies of local companies that have received funding, and the opportunity to network with other companies.

It will also provide companies with a single point of contact so that they can access tailored support.

The event is open to all Richmondshire-based SMEs (small to medium-sized enterprises) that employ fewer than 250 people and are mostly business-to-business.

Councilor Angie Dale, District Council Chairwoman, said, “This event will give businesses an opportunity to network and discover the support they could get.

“When you have all the information in one place, you can find the program that best suits your company.”

To book a free site visit: https://bit.ly/3ujD94C

The funding programs confirmed so far for this event include:

• PAPI (papi.org.uk) – Fully funded innovation workshops and 40% grants (up to £ 20,000) to purchase equipment that will help create a new product or service and at least one new job.
• The Department for International Trade (https://www.enterprisegrowthsolutions.co.uk/dit-internationalization-fund/) – Match-funded grants between £ 1,000 and £ 9,000 are available for future activities.
• Innovate UK EDGE (https://www.innovateukedge.ukri.org/) – enables ambitious, innovative SMEs to accelerate and scale their growth.
• KTN (https://ktn-uk.org/) – connects innovators with new partners and new possibilities that go beyond their previous thinking and accelerates ambitious ideas into real solutions.
• SparkFund (https://www.spark-fund.co.uk/) – a support and grant program that helps improve or develop exciting new products, services or processes.
• The Resource Efficient Business (REBiz) program (https://www.the-lep.com/business-support/growth-support/resource-efficiency/) – offers advice and financial support to become more resource efficient and introduce circular economy models and Practices.
• The Digital Advantage Project (https://www.cuebusinesssolutions.com/portfolio-item/digital-advantage-2/) – grants of up to £ 5,000 are available for SMBs to provide advisory support to address digital issues specifically for the Tackle business.
• Connect. Develop. Achieve (https://nybep.org.uk/connect-develop-achieve) – helps women in the workplace develop skills and progress in STEM companies (SMEs) to meet future demand in the industry.