Grant Funding for R&D from Innovate UK, UK Research Institute, Research Councils & Horizon Europe
Many organisations would welcome the opportunity to develop transformational new products, processes and services that will help differentiate them from their competitors.
You may already have ideas on what you want to develop, however ideas are worthless if they are not put into action. Four very common barriers cited are:
- We lack the cash to research and develop these ideas further
- We do not have the time as we are too busy running our core business activities
- We do not have the resources – either the scientists, engineers or the facilities needed
- We do not have the route-to-market or customers in place to commercialise our ideas
Do any of these look familiar?
Now the good news!
There is help out there. Both the UK and EU government funding agencies have made available significant grants for research and development for ambitious organisations that are keen to achieve high growth.
The great news about such grants is that unlike bank loans, they do not need to be paid back! And, unlike financial backing from venture capitalists or business angels, there is no equity or intellectual property dilution.
Substantial funding for R&D has been made available from the following sources:
UK Research and Innovation (UKRI) – (a non-departmental public body of the Government funded through the science budget of the Department for Business, Energy and Industrial Strategy). There is a total budget of £25.1bn for the financial years 2022-2025. Many of these funding opportunities are through Innovate UK (a departmental branch of UKRI). Projects can typically range in size from £100k to severely million. Funding calls are either thematic (targeting specific industry sectors such as: agriculture, farming, food, manufacturing, transport, finance, health), or “open” (any subject goes) e.g. such as Smart grants (typically £25m allocated for UK organisations in 3 or 4 funding calls each year).
Horizon Europe from the EU, with a huge budget of €95.5 billion which runs until the end of 2027. Despite Brexit, UK organisations can still access many of the funding opportunities.
Practically all areas of science and technology are covered, with grants up-to €10m+.
Key funding topics include:
- Culture, Creativity and Inclusive Society
- Civil Security for Society
- Digital, Industry and Space
- Climate, Energy and Mobility
- Food, Bioeconomy, Natural Resources, Agriculture and Environment
If the thought of getting somebody else to fund and de-risk your R&D sounds attractive, please get in touch. Our bid writing team has accessed over £250 million for our clients.