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MIA  MOTORSPORT INDUSTRY ASSOCIATION

Funds of up to £125million are now available from the AMSCI

30 Mar 2012

This is a national initiative with a fund of up to £125m to create more competitive supply chains which attract new customers to existing supply chain companies, sustain or create new employment opportunities, and create better synergies and sustained collaborative relationships throughout supply chains that participate in this initiative.

This competition seeks to test whether there is more that AMSCI can do, through a flexible approach in the type of support that can be provided, to address the key barriers to supply chain development. This initiative can provide grants and loans to successful projects demonstrating real ambition to create globally competitive supply chains. The funding can also support a combination of investment in capital equipment, research and development, and training and skills in recognition of the flexibility needed to overcome the barriers that suppliers and supply chains can face.

Birmingham City Council will oversee the competition to award funds for this national scheme. The Technology Strategy Board will support Birmingham City Council in running the competition process.

The competition opens on 29 March 2012.

There are two different funding Streams (£100m is available for 'Stream 1' and £25m for 'Stream 2') within this initiative and applicants will need to consider the eligibility criteria for each and which would be most appropriate to support the aims of the application.

Stream 1 has two rounds of funding with the deadline for applications of 13 June 2012 or 12 September 2012 (both deadlines are at 12 noon). Applicants for Stream 1 must choose which round they wish to enter. The deadline for applications for Stream 2 is 13 June 2012 at 12 noon. Please see Guidance for more information

A briefing day for potential applicants for both Streams of funding is on 27 April 2012.

For further information please click here

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