Hike funding

The clock is ticking for bids to Leeds City Council’s Innovation Funding Schemes

Don’t miss out – that’s the message to organizations eligible for a new grant designed to support business innovation in Leeds.

Last month, Leeds City Council’s [email protected] scheme opened two grant schemes with the aim of boosting the provision of high-quality workspaces and other forms of innovation support.

A total of around £600,000 is set to be distributed as part of [email protected]’ mission to ensure people from all backgrounds and communities across the city are empowered to chart a course in areas such as as digital and other emerging technologies.

Applications and expressions of interest from organizations seeking program funding should be submitted by noon on Thursday, November 3.

And, with a week to go until the deadline, the council encourages potential bidders to take this chance to play a part in creating a new generation of innovators and entrepreneurs.

Councilor Jonathan Pryor, Executive Member of Leeds City Council for Economy, Culture and Education, said:

“We want these grant programs to enable the kind of activity that will open doors for our brightest sparks and our most creative and ambitious minds.

“New workspaces and other forms of support can provide a launch pad for people across the city to realize their entrepreneurial dreams and help create a healthier, greener and more inclusive future for Leeds.

“So we really want anyone who thinks their organization might be eligible for these grants to contact us before the deadline next week. Don’t delay, we look forward to hearing from you!

One of the schemes is offering capital grants – temporarily ranging from £50,000 to £150,000 – to support the creation of collaborative in-person workspaces for innovators, entrepreneurs and those running businesses in startup or small business.

These facilities will be based outside the town centre, furthering the council’s inclusive growth ambitions and adding further economic resilience to local neighbourhoods.

The second program offers income grants to support the delivery of events, mentoring activities and partnership projects that will strengthen Leeds’ innovation ecosystem.

While capital grants focus on creating physical facilities and resources, this program aims to give aspiring innovators greater access to expertise that will help them successfully develop their business ideas.

The income grants – ranging from £5,000 to £25,000 – have been made available following the success of a pilot project which funded a series of conferences and knowledge sharing events earlier this year.

Applications for both programs are welcome from a wide range of organisations, including those in the private and third sectors. Applicants should be able to demonstrate their ability to work with innovation-driven companies.

Further information on the application process can be found here.