A New Invest Northern Ireland grant scheme to support businesses to investigate and implement new digital technologies that will improve business operations.
Sponsoring Agency: Invest Northern Ireland
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/21/2021
Size of the Fund: USD $50,000 to $500,000
A New Invest Northern Ireland grant scheme to support businesses to investigate and implement new digital technologies that will improve business operations.
The COVID-19 Process and Organisational Improvement Grant (POIG) has been developed to provide support to businesses to investigate and implement a range of potential process and operational improvements to help address the impact of COVID-19 on the business.
POIG is open to any business operating in one of the following sectors:
• manufacturing
• construction
• information and communication
• professional, scientific and technical activities
Funding Information
The maximum level of grant support will be £50,000 for small and medium-sized companies and £200,000 for large companies.
What is available?
• The programme will provide grant support to eligible companies to help them build internal teams, and engage consultants as needed, to develop and implement process and organisation improvements.
• The project must support the business to work in a new way and help it towards industry 4.0. Eligible projects should focus on investigating and implementing new digital technologies, such as automation, robotics or digitisation, which will result in process and organisation improvements for the company.
Eligibility Criteria
Businesses must meet all of the following criteria:
• The business operation is based in Northern Ireland.
• Have an annual turnover of at least £500,000 in one of the three most recent financial years.
• Have a project which will investigate process and organisation improvements using digital technologies.
• Projects must have minimum eligible costs of £40,000.
• Internal staff costs must be at least 20% of overall eligible project costs.
• Be able to implement and complete the project, with all expenditure incurred prior to 28 February 2022.
• Be able to submit quarterly claims to Invest NI if required, with a final claim date of 15 March 2022.
If you are a business, which is part of a group structure with the same ultimate ownership, you can only submit one application across the group.
More information at: https://www.nibusinessinfo.co.uk/content/covid-19-process-and-organisational-improvement-grant
