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Posted: Thu 8th Feb 2024
Micro and small businesses in the creative industries that are looking to grow are encouraged to apply for grants of up to £50,000.
The funding is part of Innovate UK's Creative Catalyst programme, a £30m scheme which aims to "support the growth of untapped innovative businesses and to increase investment in creative talent". A total of £10m is available in the latest round of grants.
To apply, you need to be running a micro or small business that has not previously received funding from Innovate UK and be from or support the creative industries sector.
The sector is defined as businesses in the following categories:
advertising and marketing
animation
architecture
arts and culture
crafts
design
fashion
film, TV and video
games
publishing
music and radio
visual art and photography
In addition, the project you are seeking funding for must:
have total project costs and grant funding request of no more than £50,000
start between 1 August 2024 and 1 October 2024
end by 31 March 2025
last between three and six months
As well as the funding, successful applicants also receive support including access to investors and other experts.
Last month, UK Research and Innovation (UKRI), of which Innovate UK is part, pledged to halve the average time it takes companies to go from application to receiving grant funding.
