KEEP+

Exchange and embed knowledge

Access knowledge and expertise

The Knowledge Exchange and Embed Partnerships (KEEP+) is a business support programme, supported by the European Regional Development Fund, which enables SMEs to access knowledge and expertise through collaboration with the university sector.

KEEP+ provides your business with flexible opportunities for innovation, with a focus on developing new products or services, increasing profitability, reducing costs and providing opportunities to collaborate. 

Opportunities

The opportunities below cover a variety of business needs and scenarios, and are subject to financial assistance from the European Regional Development Fund and SME eligibility criteria (see below).

Knowledge Exchange and Embed Partnership (KEEP)

A three-way collaboration between a business, a University and a graduate employee who will work with the business to achieve agreed goals. Limited capital funding may also be available to support the approved collaborative activity.

Research and Innovation Collaboration (RIC)

A collaborative research and development activity for projects requiring more feasibility work and greater levels of research support than a KEEP. Limited capital funding may also be available to support the approved collaborative activity.

Consultancy support

Expertise to assist your business on its innovation journey, this includes 50% funding towards the cost of fast track assistance to help develop your project. This grant is capped at £12,499 with a total spend not exceeding £24,999 excluding VAT. 

Stand Alone Capital Grant

50% funding towards the cost of equipment purchases vital to the development of your new product or service. This grant is capped at £12,499 with a total spend not exceeding £24,999 excluding VAT.

Benefits

What can my business gain?

Depending on which part of KEEP+ you access, benefits include:

  • Access to academic experts to spearhead your project and grow your business
  • Obtaining access to and greater awareness of potential markets for development of your business
  • Receiving assistance for the development and design of new products/services
  • Increasing your competitive advantage
  • Potential to increase your profitability
  • Accessing support for innovation and business improvement
  • Exploring new ideas
  • Bringing new knowledge into your business

Funding and costs

What is match-funding?

The KEEP+ programme is a match-funded activity, with 50% of the eligible costs being met by the European Regional Development Fund and 50% by the beneficiary SME.

Eligibility

Does your business meet the criteria?

To qualify for KEEP+ funding, your business will need to meet the following initial criteria:

  • Is your company registered in England?
  • Do you employ fewer than 249 people?
  • Do you have an annual turnover of less than €50 million?
  • Are you no more than 25% owned by another company?
  • Your sic code is not registered as one of the following ineligible sectors: fishery and agriculture, schools, healthcare, banking, insurance or retail.

 

Find out more about KEEP+
Find out more about KEEP+
Josh Marshall Business Development Manager
Telephone:  01206 873323

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