Businesses that meet the following criteria can apply:
- Located in one of the target LEP areas
- Have received less than 200,000 Euros state aid in the last three years
- Meet the European Union definition of a small and medium sized enterprise i.e. employ less than 250 full time staff (or equivalent), have an annual turnover of no more than 50 million euros and/or annual balance sheet no more than 43 million euros
- Able to contribute a minimum of £2,500 to match fund the grant
- Meet the eligibility guidelines for use of the Innovation Voucher.