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What Is A Manufacturer From a Marketing Funding Perspective

What Is A Manufacturer considered as from some funding perspectives

From a funding perspective there a three ways of being classified as a manufacturer

  • You have a Standard Industry Classification (SIC) of 10XXX to 33XXX
  • You are a company that designs and sells a physical product, even if you outsource the actual production
  • You are a company that changes the state of a physical item in order to add value
What Is A Manufacturer From a Marketing Funding Perspective

What is a manufacturer eligibility

  • To be eligible for most funded support your business must have the characteristic of looking to improve and grow; there are set figures for meeting the relevant growth criteria.
  • plus fit the following criteria
  • Registered in the UK and based in England
  • Have up to 249 employees
  • Have turnover of up to £40 million
  • Meet the EU definition of  Small Medium Enterprise (SME)

Overview of potential funding available to mmanufacturer’s

  • From MAS matched funding at 50% up to a £3000 maximum limit
  • When used for consultancy support this is based on a maximum of £300 per day (so essentially where a consultant charges £600 per day you could get a 10 day consultancy project match funded )
  • Typically one MAS project every 2 years though in some cases it may be possible to get repeat projects

Funding for manufacturers is a movable feast and whilst some schemes are national there may be additional local funding available. For more information on funding for manufacturers click here or to contact a marketing and sales professional click here

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