Technical Development Grants
Are you eligible?
NTI Technical Development grants offer small and medium sized businesses the opportunity to receive a contribution, to a maximum £10,000, for capital fund equipment purchases that advance the use of technology within the workplace. To find out if you are eligible, answer the following questions:
1: Are you in one of the following business sectors?
- Construction
- Creative Industries (Video Game Companies Qualify)
- Food & Drink
- High Performance Engineering
2: Do you fulfil two of the following criteria?
- Employ 250 people or less
- Have a balance sheet of less than 43m Euros (approx £30m)
- Have a turnover of less than 50m Euros (approx £34m)
3: Are you based in one of the following areas?
- Derbyshire
- Leicestershire
- Lincolnshire
- Northamptonshire
- Nottinghamshire
- Rutland
NB: Preference will always be given to first time applicants. In exceptional circumstances we may consider second applications from previous grant recipients, but generally only one application per company will be accepted.
If you answered yes to all three questions your business may well qualify for a technical development grant. There are some conditions:
- You must enrol a number of employees onto a relevant NTI course within six months of your grant being approved (number varies depending on level of grant).
- You need to provide evidence of the source of the other 50% of the capital equipment cost
- You agree to become a beacon company for the NTI by sharing your experiences and learning with us and which may be developed into a case study for promotional purposes
How to apply
So what do you need to do?
We have tried to make the application process as simple as possible. In order to process your application you will need to provide the following information on an application form:
- Tell us what type of business you have and the particular network it falls under
- Demonstrate the size of business through your annual report and previous year’s audited accounts
- Describe and cost the equipment you intend to buy, supported by the supplier’s quotation
- Describe the benefit the equipment will provide to employees and the number who will benefit
- Commit to enrolling a number of employees to NTI courses
- Provide us with your contact details
- Contact your relevant NTI advisor below who will help you with the application process
To find out more and get help with your application for a technical development grant, speak to the NTI network most relevant to your core business:
