Innovate UK is launching a new funding competition called 'Creative Industries Fund'.

Innovate UK, as part of UK Research and Innovation, will invest up to £2.5 million in innovation projects.

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. This package includes ongoing support from Innovate UK EDGE and funding of up to £25,000 for innovation projects.

Innovate UK is looking to fund projects which:

  • offer a clearly innovative and ambitious idea;
  • are new to your business;
  • create a new revenue stream, for example, new products, services or IP;
  • respond to the changing market conditions, such new modes of audience consumption, or the adoption of new technologies within the sector;
  • will be market-ready within 12 months of receiving support;
  • are able to start rapidly;
  • represent value for money.

The Creative Industries Fund is only for micro and small businesses operating in or supporting the UK creative industries, which have never previously received innovation grant funding from Innovate UK.

The fund will opened for applications on 17th May 2021, closing on 16th June 2021.

Read more about the fund here.

Watch the briefing event recording here.

Share this article