Product and Process Innovation (PAPI) is a grants scheme managed by the University of York and is part-funded by the European Regional Development Fund. It encourages innovation by awarding capital grants to small businesses to support the development of new products or services. 40% grants are available between £8,000 and £20,000 (i.e. the total cost of the project would be between £20,000 and £50,000).
There are two PAPI projects open for funding at the moment which cover different geographical locations, the Leeds City Region (LCR) area and the York, North Yorkshire and East Riding (YNYER) area. This website contains information for the PAPI LCR project. The districts covered by each project are detailed below:
PAPI LCR - York, Harrogate, Selby, Craven, Leeds, Bradford, Calderdale, Kirklees and Wakefield
PAPI YNYER - York, Harrogate, Selby, Craven, Richmondshire, Hambleton, Ryedale, Scarborough and East Riding (find out more about the PAPI YNYER project here)
The scheme is open to Small or Medium-sized Enterprises (SMEs) which are defined as having:
- Fewer than 250 employees
- Turnover less than €50 million
- Balance sheet value less than €43 million
You also need to be engaged with one of the following sectors:
- Advanced manufacturing
- Bioscience and low carbon
- Digital and creative media
- Food and drink
- Health and life sciences
We have expert business support available to help develop funding proposals, as well as guidance and advice through every step of the application process. Contact one of team for more information or start your application today by filling in one of our Expression of Interest forms.
The PAPI project has received £3,543,930 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Ministry of Housing, Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation.