What is KEEP+?
KEEP+ is a European Regional Development Fund (ERDF) supported programme assisting small and medium sized enterprises (SMEs) developing new products and services.
What’s on offer?
The range of interventions on offer can cover a wide variety of business needs and scenarios, providing your business with flexible opportunities for the innovation of new products and services:
Knowledge Exchange – collaborate with a university or research institutions to assist in the development of your new product/service and embed new knowledge into your organisation:
- Knowledge Exchange and Embed Partnerships (KEEPs) – a three way collaboration between a business, a university and a graduate employee who will work with the business to achieve agreed goals
- Research and Innovation Collaborations (RICs) – a collaborative research and development activity for projects requiring more feasibility work and greater levels of research support than a KEEP
- Innovation Internships – a 12 week placement enabling graduates to work in a role aligned with their qualification, and giving businesses access to the expertise needed to bring their products or services to market.
High and Low Value Capital and Grants – KEEP+ can also offer assistance in the form of capital grants for specialist equipment purchases or consultancy services vital to your project’s development.
Purchases of non-specialist items (e.g. company vehicles, furniture, standard software) cannot be funded.
Stand Alone Capital Grant
- Small Value
40% funding towards the cost of equipment purchases vital to the development of your new product or service. This grant is capped at £9,999 with a total spend not exceeding £24,999 excluding VAT.
- High Value
30% funding towards for higher value equipment purchases. This grant is capped at £59,500 with a total spend not exceeding £199,000 excluding VAT.
Grants for Consultancy Support
- Small Value
40% funding towards the cost of fast track assistance to contribute to the development of your project. This grant is capped at £9,999 with a total spend not exceeding £24,999 excluding VAT.
- High Value
30% funding for higher value consultancy activities. This grant is capped at £59,500 with a total spend not exceeding £199,000 excluding VAT.
Is My Business Eligible for KEEP+?
KEEP+ is open to SMEs who meet EU eligibility criteria and have a project underway requiring either specialist expertise or essential kit to contribute to its development. Full details about eligibility criteria is available at www.keepplus.co.uk
If you think your project could benefit from a KEEP+ grant the team or one of our delivery partners would be pleased to discuss your requirements.
Carole Randall – KEEP+ Programme Manager
Cheryl Cook – KEEP+ Marketing and Administration Manager
Kayleigh Parkes – KEEP+ Project Finance Officer