Enterprise M3 has launched a £20million Growth Fund to back innovators and entrepreneurs who can deliver projects which will drive clean growth and enhance productivity and create jobs across the digital, aerospace, defence, space, transport and med-tech industries.
‘The Capital Funding to Support the Enterprise M3 Economy Prospectus for 2019-2021’, which includes Enterprise M3’s dedicated Clean Growth Enterprise Fund, will support projects that can propel the region’s economy forward.
The Growth Fund will help deliver the LEP’s priorities set in its Strategic Economic Plan and drive forward its emerging Local Industrial Strategy.
The region’s core strengths of innovation, enterprise and international accessibility will be harnessed to support the delivery of solutions to the government’s Grand Challenges of Clean Growth, Artificial Intelligence & Big Data, our Ageing Society and the Future of Mobility.
Projects should require capital funding only and be deliverable by 31 March 2021, with legal and planning consents in place now or within six months. Projects should incorporate digital and data technologies, and clean growth, have at least 50 per cent match funding, support the Government Industrial Strategy and link to the Enterprise M3 Strategic Economic Plan and the Innovation South Science & Innovation audit.