8 small businesses share £40,000 in grant funding awards for SMEs
Grants to help small businesses to start up or grow have been awarded to eight Oxfordshire companies. The Elevate grants have been awarded for a range of projects to secure jobs and business growth as part of the OxLEP Business-run programme.
Helen Brind, who manages the Growth Hub at Oxfordshire LEP said: “We have received strong applications for grant support for projects which will create jobs or secure them amongst our county’s small businesses. With a vibrant SME economy in the county, we have been able to make awards to enterprises in training, health, recruitment, services, manufacturing and support.
“Our grants will be enabling projects to be delivered which might otherwise not happen at all or take longer to deliver, so they are making a real difference to these SMEs.”
Companies awarded grants are: Active Needle Technology, Culham; Happy Lock Ltd of Bicester; Adelie Health, Oxford; Little Elephants, Witney; Hall Training Systems Ltd, Banbury; FMB Oxford, Osney Mead; You HR Consultancy, Wallingford and SMT Recruitment of Oxford.
Oxford-based Adelie Health received a grant to part-fund their roll-out of a product for diabetics. One of their directors, Liam McMorrow said: “As a start-up, receiving this grant from OxLEP is a massive help. It will be used to reach the next stage in developing our innovative product to help people with diabetes manage their insulin doses.
Active Needle Technology, based at Culham, is also a growing health technology company. They are pressing ahead with their innovation in the specialist needle market which will increase accuracy during biopsies and in targeting during some ultrasound procedures using their image guided needles.
“Our Elevate grant is helping with our market access programme” said Ian Quirk, its founder and CEO. This is a regulated industry, so this grant is enabling us to do the work needed be compliant with medical device rules. The faster we can get through this phase, the sooner doctors will get the benefits of our innovation.”
Round 5 opens on the 1 August and closes on the 17 September. Any SME business can apply regardless of whether they are new business or more established business. Grants up to £8,000 can be awarded in part-funding project costs. Each round is a competitive, with the best applications securing their awards. Funding for the programme comes from the European Regional Development Fund and Department for Business Energy, & Industry Strategy.