20/12/2016

New Collaborative Growth Programme Launched

Invest NI has announced a new Collaborative Growth Programme, which provides support for groups of small and medium-sized enterprises (SMEs) who want to work together to scope and exploit opportunities that could enhance their competitive edge.

Successful business collaboration can bring significant benefits to each of the participants, including:

• enhancing existing capabilities and knowledge

• acquiring the know how to be innovative

• entry to new export markets

• developing niche value-added products

• expanding services or product offerings

• exploiting cross-sectoral technology and best practice
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• developing hi-tech knowledge driven businesses

• contributing to Northern Ireland’s economic performance

Funding of up to £25,000 is available for the programme. In order to be eligible for funding each group must consist of a minimum of four Northern Ireland private sector companies, one of which must be an Invest Northern Ireland customer and be willing to act as the lead company.

Other group members may include local, national or international stakeholders, including those from the academic and public sectors, as appropriate.

The current call for applications is open until the 31 January 2017, and available through the Invest NI website.

(MH)

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