Public sector grant funding for innovation is provided to:

“… accelerate UK economic growth by nurturing high-potential SMEs in key market sectors, helping them become high-growth, mid-sized companies with strong productivity and export success…”

The funding takes the form of grants, loans or investments that offset the costs of product development allowing you to take greater risks, grow faster and collaborate with technology providers and your supply chain.

Funding is accessed via competitive themed programmes. An up to date list of opportunities is provided below covering UK schemes (Innovate UK, SBRI), EC schemes (H2020) and the joint UK/EC Eurostars programme.

For more advice and support contact alan@lightholm.co.uk


Innovate UK:
Supporting UK companies to establish, grow and expand into new markets, with a focus on SME’s and export.
Innovate UK run funding competitions in a wide range of sectors and technology areas.

They prioritise topics aligned with the UK Industrial Strategy’s Grand Challenges.  The priority areas for investment are identified as:

  • AI & the Data Economy
  • Ageing Society
  • Clean Growth and Infrastructure
  • Mobility and Manufacturing

Innovate UK also run competitions on behalf of other government departments, including the DBEIS, DfT, DCMS and DIT.
Innovate UK administers grants, loans, and investments.
You’ll find upcoming and open competitions here.


SBRI:
The Small Business Research Initiative uses the government’s role as a lead customer through public procurement to spur the development of new technologies and innovative products.  Contracts are awarded to competition winners to develop innovative solutions to specific problems.  The SBRI scheme is administered by Innovate UK.


Horizon 2020:
Providing €10bn of funding per year covering fundamental research through to industrial commercialisation.  This survey covers the grant types and topics of interest to for-profit SME’s and larger companies with whom they may collaborate.
The programme for runs through to the end of 2020 and the UK’s participation for the whole programme has been confirmed.


Eurostars:
Promoting international cooperation with a wide-ranging scope, and two submission deadlines each year.  Up to €360k is available for companies who can jointly apply with at least one other partner from another qualifying country.