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iNets offer specialist business support for key sectors

July 2010

Businesses from the region’s creative industries and microelectronics sectors can now tap into a dedicated range of support, known as iNets, to help them transform ideas into the new products and services of tomorrow.

Research shows that innovative businesses are the ones that succeed and the two iNets are a £5.5 million investment to help businesses introduce new techniques and products and find new markets.

The iNets provide sector-specific support, access to specialist expertise, advice, coaching, information and research and bring together businesses, universities and others to share knowledge and experience.

Each sector has its own dedicated iNet and the South West RDA is planning to establish iNets across a further three key sectors – environmental, biomedical, and aerospace and advanced engineering.

Funding for the iNets comes from the RDA with grants from the European Regional Development Fund (ERDF), the Department for Business Innovation and Skills and a range of other partners from business, sector organisations and higher education.

In total, the five planned iNets will invest £13 million over the next three years to help small and medium businesses in the region develop their ideas into new products and services and so drive business and economic growth.

Each iNet will be delivered through a consortium of specialist organisations and Business Link advisers will ensure that businesses have access to the full range of Solutions for Business support services provided by Government, as well as access to the wide range of general support provided by the private sector.

At this stage, iNets are not available in Cornwall and the Isles of Scilly, which are eligible for funding from the ERDF Convergence Fund.

For further information, please contact Charlotte Lewis on 01392 229172.

Electronics manufacturing