Originally written by Anna Jordan on Small Business
Legal & General (L&G) has announced a £6m grant fund for businesses focused on helping people to age in a healthy way.
An additional £6m is available through the role the firm has in The Industrial Strategy Challenge Fund from Innovate UK.
Eligible businesses that support products and services for people as they age can apply from today (11 June). The grants total between £50,000 and £1.5m.
Legal & General will work with Innovate UK, part of UK Research and Innovation, to divide the grants in a way that they see fit. Their aim is partner and invest in businesses which are focused on the themes below:
Sustaining physical activity
Maintaining health at work
Designing age-friendly homes
Creating healthy, active places
Supporting social connections
Living well with cognitive impairment
Managing common complaints of ageing
This initiative targets ‘scale up’ businesses who are looking for the next stage of their growth and into profitability.
Your company should have an existing top-tier management team, R&D investment, defensible intellectual property and customer traction in the form of meaningful revenue.
Eligible businesses can click here to apply for the grant
Successful applicants could benefit from potential further investment when the business continues to perform. On top of helping businesses scale with