What Is A Manufacturer From a Marketing Funding Perspective

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 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