The Mayor’s Productivity and Innovation Fund
Summary
The Mayor's Productivity and Innovation Fund, managed by London & Partners, provides grants from £10,000 to £50,000 for London-based SMEs. It supports businesses aiming to boost productivity and innovation through investment in new technologies, processes, or skills. The key requirement is that applicants must be SMEs located in London seeking to improve their operational efficiency and innovative capacity.
Eligibility Criteria
* **Entity Type:** Small and Medium-sized Enterprises (SMEs) * **Geography:** Must be based in London. * **Sector:** Open to various sectors, with a focus on improving productivity and innovation. * **Funding Amount:** £10,000 - £50,000. * **Key Requirement:** Businesses must demonstrate a clear plan for investing in new technologies, processes, or skills to enhance productivity and innovation.
How to Apply
1. Visit the GLA London Growth Hub website: [https://www.london.gov.uk/programmes-funding/business-support/mayors-productivity-and-innovation-fund](https://www.london.gov.uk/programmes-funding/business-support/mayors-productivity-and-innovation-fund) 2. Review the detailed eligibility criteria and fund objectives. 3. Prepare a business case outlining your proposed investment in technology, processes, or skills, and how it will improve productivity and innovation. 4. Complete and submit the application form, likely through the London Growth Hub portal or a designated application system. 5. Ensure all required supporting documents (e.g., financial statements, business plan) are ready for submission.