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Details on the major EU and UK Grant Funds

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The key eligibility tests and criteria that must be met are given below.

1) The purpose(s) for which the grant is being offered must be met by your project. The purpose may be very tightly defined e.g. ‘basic research into imaging technology for medical devices for blood screening’; or broad as in ‘increase productivity and/or employment’.

2) The size of your business. Some grants are only available to businesses of a certain size e.g. small or medium size businesses (SMEs). Often, even when open to businesses of any size, SMEs may receive favourable terms or special treatment.

3) The industry in which the applicant is active. Sometimes certain grants are only available to specific industries. Equally some industries may be excluded.

4) The location at which the project is to take place. Location is rarely of importance but for most capital investment grants and certain EU grants location requirements may be exact.

5) Need or additionality. Many grants are dependent on the applicant showing a need for the grant. Specifically the grant must add benefit to a project by making it go ahead, say, faster, on a larger scale or indeed at all. This concept is known as ‘additionality’ and is a key requirement for all major grants

6) The project must be viable in commercial terms. As grants will only ever provide a proportion of a projects cost the applicant will need to demonstrate the availability of the remaining funds ( ‘matching funds’). The overall commercial viability of the business applying will also be considered.

News Flash: Latest

First of a kind deployment of innovation

Introduction

Innovate UK are using a novel scheme to assist businesses, particularly SMES to break into markets with novel disruptive technologies in specific sectors.

Contracts covering up to 100% of the cost of demonstrating new technology are available to SMEs operating in the fields of

  • solutions for affordable, sustainable and secure energy delivery
  • solutions for connected transport through the integration of multimodal transportation systems
  • integrated solutions to systemic challenges in urban areas
  • resilience of infrastructure and cities to environmental and societal pressure.

Contracts in value between £250 K and £5 million are available.

Read more ...

Energy Catalyst, (Round 4) Early Stage Technical Feasibility Grants

The ENERGY CATALYST, an ‘Innovate UK’ grant, supports both businesses and research organisations, including academia, that are UK based or are moving there to respond to challenges across the energy sector. It will fund projects delivering innovative solutions that address ALL the elements of the energy trilemma namely:

  • Reducing Emissions
  • Improving Security of supply
  • Affordability

Key Objective:
It will help stimulate and support innovation at all stages through to commercial readiness. Thus The Energy Catalyst can fund projects from early concept stage through to pre-commercial technology validation, based upon innovation that incorporates, for example:

Read more ...
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