Future Leaders Fellowships Round 10

Driving Research and Innovation Leadership

UKRI Future Leaders Fellowships (FLF) programme is back with Round 10. One of the UK’s most prestigious funding schemes designed to empower the next generation of research and innovation talent. With up to £110 million in grant funding available, this round is set to support outstanding individuals with the vision, drive, and capability to become world-leading leaders in their field.

Applications for Round 10 open on 23rd June 2025 and close at 11:00am on 5th November 2025.

What Is the Future Leaders Fellowship?

The FLF programme provides sustained, flexible support to early-career researchers and innovators working across all sectors. Its overarching aim is to retain, attract, and nurture future talent, providing a springboard for the next wave of high-impact research and commercially significant innovation.

Each fellowship offers up to £3 million in funding over a four-year term, with the option to apply for a further three years of support. Unlike many grants, FLF is open to individuals working in academia, industry, public sector, and charitable organisations alike, encouraging cross-sector mobility and knowledge exchange.

Aims of the Programme

The FLF scheme seeks to:

  • Develop the next wave of high-potential leaders across research and innovation.
  • Foster ambitious, original, and interdisciplinary work that would otherwise be hard to fund through standard routes.
  • Bridge sectors by supporting work that spans academia, business, and public or third sectors.
  • Encourage long-term career development, giving researchers the time and resources to build a robust portfolio.
  • Support mobility, enabling fellows to move between sectors or institutions to maximise impact and career progression.

This combination of financial support and long-term vision positions the FLF as a unique and highly impactful programme within the UK’s innovation funding landscape.

Scope and Thematic Focus

Round 10 continues UKRI’s commitment to supporting transformative work across all disciplines and sectors. However, the guidance outlines several key themes and priorities, encouraging applicants to consider challenges with long-term economic and societal relevance.

The programme encourages proposals that:

  • Advance the UK's net zero goals, particularly through innovations in clean energy, sustainable manufacturing, or environmental resilience.
  • Strengthen national security and resilience, including cybersecurity, advanced materials, or critical infrastructure.
  • Enhance health and wellbeing, especially in areas aligned to NHS priorities, data-driven healthcare, or personalised medicine.
  • Support technological sovereignty, such as artificial intelligence, semiconductors, quantum technologies, and photonics.
  • Tackle inclusive growth, aiming to reduce regional inequality or promote diversity in research leadership.

While the programme remains open to all innovative topics, these themes reflect UKRI’s strategic priorities and global challenges where future leadership will be vital.

Who Can Apply?

Applicants must be hosted by a UK-based organisation. This includes:

  • Higher education institutions
  • Businesses
  • Catapults and research and technology organisations (RTOs)
  • Charitable organisations
  • Public sector bodies (such as the NHS, government agencies, or local authorities)

You don’t need a PhD, and there’s no restriction on the number of years since your last degree. Instead, UKRI is looking for people who:

  • Have a compelling track record relative to their career stage.
  • Are transitioning to or establishing independence.
  • Are proposing ambitious, original work that goes beyond the norm in their discipline or sector.

Importantly, applicants must not already be established research or innovation leaders (for example, leading a significant grant or commercial R&D portfolio).

Funding Offer

Applicants can request between £100,000 and £3 million in grant funding to cover:

  • Salary (for both the fellow and team members)
  • Research and development costs
  • Equipment and infrastructure
  • Training, mobility, and collaboration activities

All work must be carried out in the UK, with project outputs expected to deliver benefit from or within the UK. Fellows are encouraged to explore secondments, international collaborations, and inter-sector mobility where it enhances impact.

Projects must last a minimum of four years. A further three years of funding may be available via a separate process if significant progress has been demonstrated.

Application Process

There are two application routes:

  • Academic applicants must apply via the UKRI Funding Service.
  • Non-academic applicants (e.g., business or third sector) must apply via the Innovate UK Innovation Funding Service (IFS).

The application consists of a comprehensive proposal, outlining:

  • The originality, feasibility, and strategic value of your proposed programme.
  • How the fellowship will catalyse your progression to research/innovation leadership.
  • Your host organisation’s commitment to supporting your career development.
  • The anticipated impact of your work, whether academic, commercial, or societal.

Applicants will also need to submit a host organisation statement and details of career development support.

Assessment Criteria

Proposals will be assessed by a diverse panel of expert reviewers and interviewers against criteria including:

  • Vision and ambition
  • Leadership potential
  • Methodological rigour
  • Contribution to UKRI’s strategic priorities
  • Host organisation support and career trajectory

As funding is limited, only the most competitive and strategically aligned proposals will be funded.

Supporting Diversity, Equity, and Inclusion

UKRI is committed to advancing equality, diversity and inclusion (EDI) through its funding mechanisms. Applications are encouraged from underrepresented groups, and adjustments will be made where needed to ensure an accessible application process.

Applicants with disabilities or long-term conditions are encouraged to contact Innovate UK at least 15 working days before the closing date to arrange reasonable accommodations.

Why This Fellowship Matters

At a time when the UK is doubling down on science and technology-led growth, the FLF programme stands out as a bold investment in people. It offers individuals the rare opportunity to:

  • Build a long-term, independent career track.
  • Develop multidisciplinary, cross-sector programmes of work.
  • Shape national and global priorities across industry, academia, and public policy.

Whether you are a pioneering engineer developing clean battery tech, a biomedical researcher tackling health inequities, or an entrepreneur driving AI adoption in public services, the FLF can be the vehicle that propels your ideas from concept to impact.

To discuss your project idea in more detail, contact RedKnight today for a free consultation.

by Dayne Hodgson

Canada-UK Semiconductors Competition

Fostering Transatlantic Innovation
In a significant move to bolster international collaboration in the semiconductor sector, Innovate UK and Canada's National Research Council Industrial Research Assistance Program (NRC IRAP) have launched the Canada-UK Semiconductors competition. This initiative aims to stimulate the development of innovative semiconductor technologies through joint projects between UK and Canadian organisations.

Overview of the Competition
The competition opened on 12th May 2025 and will close at 11am (UK time) on 15th October 2025. Canadian applicants are required to submit an Expression of Interest (EoI) by 23rd July 2025 and must be invited by NRC IRAP to proceed. The competition offers UK registered organisations the opportunity to apply for a share of at least £1 million in funding for collaborative projects with Canadian small and medium-sized enterprises (SMEs). Each project can request up to £500,000 in grant funding for UK partners, with Canadian partners eligible for up to CA$500,000 through NRC IRAP.

Eligibility and Collaboration Requirements
To be eligible, UK applicants must collaborate with at least one Canadian SME that is a separate legal entity and not linked to the UK partners. Both UK and Canadian partners must submit parallel applications to their respective funding bodies, and projects must be independently selected by both Innovate UK and NRC IRAP to receive funding.

Project Scope and Focus Areas
The competition seeks to fund a variety of projects across the semiconductor sector, including but not limited to:

  • Compound and wide band gap semiconductors
  • Semiconductor design and intellectual property (IP)
  • Advanced packaging
  • Heterogeneous and hybrid integration
  • Photonics, including silicon photonics
  • Emerging materials
  • Prototyping and low-volume piloting
  • Processing or processes
  • Simulation tools
  • Application areas of interest encompass high-voltage systems, sustainable technologies (such as electric vehicles and renewable energy), communications (including Wi-Fi, 5G/6G, and satellite), sensors, and data centres.

Project Requirements and Funding Details
Projects must last between 12 and 24 months, starting no earlier than 1st April 2026, and ending by 31st March 2028. Most of the project work must be undertaken in the UK and Canada, with no single country or partner representing more than 70% of the total project cost. UK partners can receive funding covering up to 70% of eligible project costs for micro or small organisations, up to 60% for medium-sized organisations, and up to 50% for large organisations, depending on the research category. Canadian SMEs may receive up to 50% reimbursement of eligible project costs, up to a maximum of CA$500,000.

Application Process and Support
UK applicants must apply through the Innovation Funding Service (IFS) portal, while Canadian partners must submit a parallel application to NRC IRAP. The application process includes sections on project details, application questions, finances, and project impact. Applicants are encouraged to contact Innovate UK for guidance and support, especially if they require reasonable adjustments due to disability or long-term conditions.

Strategic Importance and Future Outlook
This competition is part of a broader effort to strengthen bilateral cooperation between Canada and the UK in scientific research and innovation. A Memorandum of Understanding signed in January 2024 highlights semiconductors as a key area of focus, recognizing their fundamental role in economic growth, prosperity, and security. By fostering collaborative projects in semiconductor technologies, the competition aims to build resilient supply chains and drive innovation that benefits both nations.

For more information and to apply, visit the Canada-UK Semiconductors competition page.

For a FREE consultation to discuss your project, contact RedKnight today.

by Dayne Hodgson

Empowering UK Farmers: Funding for On-Farm Innovation

In April 2025, UK Research and Innovation (UKRI) launched the ADOPT funding initiative under its Farming Innovation Programme. This scheme is designed to support farmer-led, on-farm trials that aim to generate, test, and demonstrate innovative solutions to agricultural challenges. The goal is to provide practical knowledge of new approaches, encouraging widespread adoption across the sector.

Two-Tiered Grant System

ADOPT offers two types of grants to cater to different applicant needs:

  • Support Grant: This grant provides access to professional assistance from industry experts to help develop a Full ADOPT Grant application. It's particularly beneficial for those less familiar with Innovate UK's systems.
  • Full ADOPT Grant: This grant supports collaborative, farmer-led on-farm trials or experiments.

Applicants can choose to apply directly for the Full ADOPT Grant or start with the Support Grant to refine their proposals.

Comprehensive Support for Applicants

To assist applicants, ADOPT has established a Project Facilitator Database through Innovate UK Business Connect. This resource connects applicants with industry experts who can guide them through the application process and help turn ideas into viable funding proposals. Interested individuals can register as facilitators or request a list of registered facilitators for their project ideas.

Additionally, the ADOPT Support Hub, managed by RSK ADAS, serves as the first point of contact for applicants. The Support Hub offers advice on project scope, suitability, and practicalities of on-farm trials. They also assist in forming connections with necessary expertise and partners, promote best practices for on-farm research and development, and facilitate knowledge exchange from funded projects to the broader farming community.

Driving Innovation in Agriculture

The ADOPT initiative represents a significant opportunity for UK farmers, growers, and foresters to lead innovation in agriculture. By supporting practical, on-farm research and fostering collaboration, ADOPT aims to develop solutions that address real-world challenges and promote sustainable farming practices.

For more information and to apply, contact RedKnight today.

by Dayne Hodgson

UK R&D Budgets for 2025–26 Announced

In April 2025, the Department for Science, Innovation and Technology (DSIT) announced a substantial allocation of £13.9 billion for research and development (R&D) for the fiscal year 2025–2026. Of this, UK Research and Innovation (UKRI) is set to receive £8.811 billion, emphasising the UK government's commitment to bolstering the UK's position as a global leader in science and innovation. Within UKRI's allocation, Innovate UK, the agency responsible for driving business-led innovation, has been granted £948 million. While this significant funding boost is welcomed, its effective deployment is crucial, especially in light of recent evaluations of Innovate UK's support mechanisms for small and medium-sized enterprises (SMEs).

Substantial Investment Reflects Government Priorities

The government's decision to allocate £13.9 billion to DSIT's R&D budget reflects a strategic emphasis on innovation as a catalyst for economic growth and societal advancement. This investment is expected to stimulate private sector contributions, with each pound of public R&D funding anticipated to leverage an additional £2 of private investment over time. Such financial commitments are designed to support the government's five national missions and the eight growth sectors outlined in the modern Industrial Strategy. These include:

  • advanced manufacturing
  • clean energy industries
  • creative industries
  • defence
  • digital and technologies
  • financial services
  • life sciences
  • professional and business services

Innovate UK's allocation of £948 million is intended to support a variety of initiatives, including collaborative R&D projects, support for startups and SMEs, and the development of regional innovation clusters.

Addressing Challenges in SME Support

Despite the increased funding, Innovate UK faces challenges in effectively supporting SMEs. Earlier this year, the agency temporarily halted its Smart Grants programme to conduct a comprehensive review aimed at enhancing support for SMEs. The pause was prompted by concerns over oversubscription and low success rates, with some reports indicating success rates as low as 2%. This situation led to significant resource expenditure by applicants and highlighted the need for a more efficient and targeted funding approach.

Innovate UK's review aims to develop a more tailored support package that prioritises businesses with high growth potential and streamlines the application process. This initiative aligns with governmental objectives to focus public spending on companies poised for scaling and job creation.

Ensuring Effective Allocation and Implementation

While the increased funding for Innovate UK is a positive development, its impact will be determined by the effectiveness of its deployment. Innovate UK must address the issues identified in its recent review to ensure that the substantial financial resources translate into tangible benefits for SMEs and the broader economy. This includes refining grant programmes to improve accessibility and success rates, reducing bureaucratic hurdles, and ensuring that support is directed toward businesses with the capacity to scale and innovate.

Moreover, Innovate UK should focus on fostering strong regional innovation ecosystems, supporting the development of clusters that can drive local economic growth and contribute to the national economy. By addressing these areas, Innovate UK can maximise the return on investment from the increased funding and fulfil its mandate to drive business-led innovation in the UK.

by Dayne Hodgson

Energy Catalyst: Funding Clean Energy Solutions for Global Impact

Innovate UK has announced the launch of Energy Catalyst Round 11, a funding initiative aimed at accelerating innovations to improve clean energy access in sub-Saharan Africa, South Asia, and the Indo-Pacific regions. This round is divided into two distinct strands: Early-stage and Mid-stage, each tailored to support projects at different levels of development. Up to £4.5 million is allocated across both stages.

Energy Catalyst Round 11: Early-stage
The Early-stage competition is designed for UK-registered organisations seeking to develop nascent ideas that can transform energy access in the target regions. Projects should focus on creating affordable, reliable, and low-carbon technologies or business models. Key details include:

  • Project Costs: Eligible project costs must range between £50,000 and £300,000.
  • Project Duration: Projects should commence by 1st September 2025 and conclude by 31st August 2026, lasting between 6 to 12 months.
  • Eligibility Criteria: Applicants must be UK-registered organisations aiming to improve energy access in Official Development Assistance (ODA) eligible countries within the specified regions. The proposed solutions should integrate considerations of gender equality, disability, and social inclusion, aligning with Sustainable Development Goals 7 (Affordable and Clean Energy) and 13 (Climate Action).

Energy Catalyst Round 11: Mid-stage
The Mid-stage competition caters to UK-registered organisations with more developed projects that are ready to progress towards implementation. Similar to the Early-stage, projects must aim to enhance clean energy access in the target regions. Key aspects include:

  • Project Costs: Eligible project costs should be between £50,000 and £1.5 million.
  • Project Duration: Projects are expected to start by 1st September 2025 and end by 31st March 2027, with durations ranging from 6 to 19 months.
  • Eligibility Criteria: Applicants must be UK-registered organisations focusing on delivering innovations for clean energy access in ODA-eligible countries within sub-Saharan Africa, South Asia, or the Indo-Pacific regions. Projects should ensure a just and inclusive energy transition by integrating gender equality, disability, and social inclusion considerations.

Application Process and Deadlines
Both competitions are scheduled to open on Wednesday, 12th March 2025, and will close at 11am on Wednesday, 30th April 2025. Prospective applicants are advised to carefully review the specific eligibility criteria and scope for each strand to ensure their proposals align with the competition requirements. Applications must be submitted through the Innovation Funding Service portal before the stated deadline.

Strategic Importance of Energy Catalyst Round 11
The Energy Catalyst programme plays a pivotal role in addressing the global challenge of energy access. By focusing on sub-Saharan Africa, South Asia, and the Indo-Pacific regions, Innovate UK aims to stimulate the development of innovative solutions that can provide sustainable energy to underserved communities. This initiative not only seeks to improve the quality of life in these regions but also contributes to global efforts in combating climate change by promoting low-carbon technologies.

Integration of Inclusivity in Energy Solutions
A notable emphasis in Round 11 is the integration of gender equality, disability, and social inclusion (GEDSI) within energy projects. Applicants are encouraged to design solutions that are inclusive, ensuring that the benefits of clean energy reach all segments of society, particularly the marginalised and vulnerable groups. This approach aligns with the broader objectives of the Sustainable Development Goals, fostering equitable and sustainable development.

Next Steps

For a free consultation to discuss your project idea in more detail, contact RedKnight today.

by Dayne Hodgson

Empowering Women in AI: Breaking Barriers and Building Futures

On 28th March 2025, Innovate UK will host "Empowering Women in AI and Business Growth: Breaking Barriers and Building Futures" at Google's London headquarters. This event aims to address the unique challenges faced by women-led businesses in the rapidly evolving fields of artificial intelligence (AI) and business growth, offering actionable insights, networking opportunities, and access to support initiatives.

Understanding the Challenges
Despite advancements in technology and business, women-led enterprises continue to encounter significant hurdles. Recent statistics reveal that AI startups founded by women secure a disproportionately small fraction of funding deals. Additionally, many female business owners report feeling less equipped with the necessary skills and confidence to integrate AI into their operations. These challenges underscore the importance of targeted support and resources to bridge the existing gaps.

Event Objectives
The primary goal of this event is to empower women entrepreneurs by providing:

  • Actionable Insights: Strategies for scaling businesses and accessing new markets.
  • Investor Connections: Opportunities to engage with investors and learn effective methods for sourcing talent to accelerate business success.
  • Support Awareness: Information on available support mechanisms for both AI suppliers and consumers, including Innovate UK's system support and talent initiatives.
  • Networking Opportunities: Platforms to connect with fellow women leaders and innovators, fostering a community of support and collaboration.

Who Should Attend?
The event is tailored for women business leaders and owners from across the UK. While registration is open to all, the content is specifically designed to benefit women-led businesses and those in leadership positions. Attendees will have the option to deliver a 2-minute pitch highlighting their activities, objectives, and needs concerning support and collaborations.

Agenda Highlights
The event's draft agenda includes:

  • 09:15 – Registration and Networking: An opportunity to connect with peers and establish new relationships.
  • 09:45 – Welcome Address by Innovate UK Business Connect: Setting the tone for the day's discussions and activities.
  • 10:00 – Initiatives to Support Women in Business and Businesses: An overview of current programs and resources available to women entrepreneurs.
  • 10:15 – Overview of No Limits and Inclusive Innovation Programmes: Insights into Innovate UK's initiatives aimed at fostering diversity and inclusion in innovation.
  • 10:30 – Company Pitches: A platform for attendees to present their businesses, share objectives, and seek potential collaborations.
  • 11:00 – Networking and Refreshments: A break to facilitate informal discussions and networking.
  • 11:15 – Upskilling in AI by the National Innovation Centre for Data: Discussing the importance of data skills in the AI landscape.
  • 11:30 – The Role of Maths in AI in Business by System Holdings: A case study on leveraging mathematics and AI for business development, including strategies for sourcing talent and investment, and reaching new markets.
  • 11:45 – AI Talent by Imperial College London: Exploring how academic institutions can support the growth of women-led businesses and the broader business community.
  • 11:55 – Market Diversification by NquiringMinds: Insights into the benefits and challenges of diversifying markets, drawing from NquiringMinds' experiences.

Innovate UK's Commitment
Innovate UK remains dedicated to dismantling barriers that hinder the progress of women in AI and business. Through initiatives like No Limits and Inclusive Innovation, the organisation strives to create an environment where diverse ideas and perspectives can flourish, driving economic growth and societal advancement.

To register for the event, click here.

by Dayne Hodgson

New CEO of UKRI Appointed

A Distinguished Career in Fusion Research

Sir Ian Chapman brings a wealth of experience to his new role, having served as the CEO of the UK Atomic Energy Authority (UKAEA) since October 2016. His tenure at UKAEA was marked by significant advancements in fusion energy research, positioning the UK as a global leader in this domain. Under his leadership, the organisation transitioned from a focus on deep research and development (R&D) to undertaking major infrastructure projects, including the design and construction of a prototype fusion power plant. This shift not only advanced scientific understanding but also stimulated inward investment, economic growth, and the development of a skilled workforce and supply chain.

Academic and Professional Accolades

Sir Ian's academic journey began at Durham University, where he earned an MSc in Mathematics and Physics in 2004. He pursued doctoral studies at Imperial College London, focusing on plasma physics within tokamak fusion devices, and received his PhD in 2008. His research contributions have been recognized with numerous international awards, including the Institute of Physics' Clifford Paterson Medal and Prize in 2013 and the European Physical Society's Early Career Prize in 2014. In 2022, he was elected a Fellow of the Royal Academy of Engineering, followed by his election as a Fellow of the Royal Society in 2023. His services to global fusion energy were further honoured with a knighthood in the 2023 New Year Honours.

UKRI's Role in Driving Economic Growth

UK Research and Innovation (UKRI) is the UK's principal public research funding body, with an annual budget of £9 billion. It plays a pivotal role in the UK's research and innovation landscape, supporting thousands of researchers and innovators in developing solutions that enhance lives and drive economic prosperity. The organisation's investments have led to significant achievements, such as backing the development of the Oxford-AstraZeneca COVID-19 vaccine and constructing advanced wind turbine test facilities, contributing to the UK's status as a clean energy leader. UKRI has also been instrumental in the UK's artificial intelligence (AI) sector, contributing to the £1 billion public investment in AI research and development, positioning the UK as the third-largest AI market globally.

A Renewed Focus on Economic Impact

Sir Ian's appointment aligns with a refreshed mission for UKRI, placing economic growth at the core of public investment in research and development. Science Minister Lord Vallance emphasised that leveraging the UK's innovative ideas, talent, and facilities is crucial for economic advancement and improving lives nationwide. Sir Ian's leadership is expected to drive ambitious, curiosity-driven research while ensuring that investments yield tangible economic benefits, thereby supporting the government's broader objectives.

Community and Expert Endorsements

The scientific community has warmly welcomed Sir Ian's appointment. Sir Andrew Mackenzie, UKRI Chairman, expressed confidence in Sir Ian's ability to unlock opportunities that improve lives and livelihoods, noting his exceptional research and leadership experience. Similarly, Professor Sir Peter Bruce, Vice-President of the Royal Society, lauded Sir Ian's scientific and leadership credentials, expressing confidence in his ability to oversee UKRI's vital work in the coming years.

Looking Ahead

Sir Ian Chapman will assume leadership of UKRI in the summer of 2025. With a renewed focus on aligning research and innovation with economic growth, UKRI is poised to enhance the UK's position as a global leader in science and technology. Sir Ian's extensive experience and visionary leadership are expected to steer UKRI toward achieving its mission of fostering research excellence that translates into economic prosperity and societal well-being.

by Dayne Hodgson

Innovation Loans: Fueling Future Growth

Innovate UK has announced the launch of its Innovation Loans Future Economy Competition: Round 19, offering up to £25 million in loans to UK-registered micro, small, and medium-sized enterprises (SMEs). This initiative aims to support highly innovative late-stage research and development (R&D) projects that demonstrate strong commercial potential and the capacity to significantly benefit the UK economy.

Key Details of the Competition

  • Loan Amounts: Businesses can apply for loans ranging from £100,000 to £2 million to cover eligible project costs.
  • Project Duration: Projects may last up to five years, encompassing both the R&D and commercialisation phases. Successful applicants are expected to commence their projects by 1st July 2025.
  • Application Timeline: The competition opened on 9th January 2025 and will close on 5th March 2025 at 11:00 am. Subsequent rounds are planned, with Round 20 opening on 6 March 2025 and closing on 7 May 2025.

Eligibility Criteria

To be eligible for the innovation loan, applicants must:

  • Business Status: Be a UK-registered SME.
  • Project Scope: Propose a project that leads to innovative new products, processes, or services significantly ahead of current market offerings, or present an innovative application of existing products, processes, or services. Projects can also involve new or innovative business models. The focus should align with one or more of the future economy areas outlined in the Innovate UK plan for action.
  • Financial Justification: Demonstrate a clear need for public funding, the ability to cover interest payments, and the capacity to repay the loan on time.

Application Process

Applicants are required to submit a comprehensive proposal detailing the business need, technological challenge, or market opportunity their innovation addresses. The proposal should include:

  • Project Motivation: Clearly articulate the main motivation for the project, including the business need, technological challenge, or market opportunity it responds to.
  • Innovation and Market Differentiation: Describe how the project will lead to products, processes, or services that are significantly ahead of others currently available, including an understanding of the current state of the art and how the innovation will differentiate from competitors.
  • Commercialisation Strategy: Outline the route to market, target customers or end-users, and how the innovation will lead to commercial success, including increased revenues or cost reductions.
  • Project Management and Risk Mitigation: Provide a detailed project plan, including work packages, milestones, and a risk register identifying main risks and uncertainties, along with mitigation strategies.

Applicants must also complete a business and financial submission, including historic and forecast financial statements, to support their suitability to borrow. This includes profit and loss accounts, balance sheets, and cash flow forecasts covering the full loan term.

Assessment and Evaluation

Applications will be evaluated based on the quality of the project and the suitability of the business to receive a loan. The assessment process includes:

  • Project Proposal Assessment: Independent assessors will score each question in the project proposal, focusing on aspects such as innovation, market opportunity, project management, and value for money.
  • Initial Credit Evaluation: Innovate UK's Credit team will conduct an initial evaluation of the business's financial standing and ability to repay the loan.
  • Progress Panel: A panel will review the innovation score and credit evaluation to decide on progression to detailed credit evaluation.
  • Detailed Credit Evaluation: A thorough analysis of the business's financials, including a management presentation to the Credit Committee, may be required.

The final lending decision rests with the Credit Committee, which may include specific conditions. Feedback will be provided to all applicants, whether successful or unsuccessful.

Support and Resources

Innovate UK offers various resources to assist applicants, including recorded webinars on application guidance and financial submission. Applicants are encouraged to prepare well in advance, seek financial and legal advice, and ensure all parts of the application are completed accurately and submitted on time.

For more information on the competition process, contact RedKnight today.

by Dayne Hodgson

UK Innovation Funding Trends for 2025

The UK innovation funding landscape in 2025 promises to be a dynamic and exciting environment, shaped by significant public and private investments. As the UK government continues to prioritise research and development (R&D) to drive economic growth, enhance sustainability, and bolster technological advancement, innovators across various sectors can expect a range of opportunities to secure critical funding.

 Strategic Focus Areas for 2025

In its strategic delivery plan, Innovate UK has identified three primary domains for funding in 2025: Net Zero Innovation, Healthy Living and Agriculture, and Digital & Emerging Technologies. These areas are designed to address global challenges while positioning the UK as a leader in innovation.

  1. Net Zero Innovation

With over £1.2 billion committed to supporting innovations that contribute to achieving net-zero carbon emissions by 2050, the UK government is keen to accelerate the green transition. Key areas of focus include:

  • Clean Energy Technologies: Investment in renewable energy sources such as wind, solar, and hydrogen is a top priority. Additionally, funding will support advancements in energy storage solutions to enhance grid reliability.
  • Carbon Capture and Storage (CCS): Projects aimed at capturing and storing carbon emissions from industrial processes will receive significant support.
  • Decarbonising Transportation: The government is investing heavily in electric vehicles (EVs), sustainable aviation fuels, and hydrogen-powered transport to reduce reliance on fossil fuels.
  • Sustainable Construction: Funding will also target innovations that improve energy efficiency in buildings, including retrofitting older structures and developing smart city infrastructure powered by sustainable energy.
  1. Healthy Living and Agriculture

The Healthy Living and Agriculture domain focuses on improving public health, advancing agricultural practices, and ensuring food security. Key initiatives include:

  • Medical Technologies and Pharmaceuticals: Funding is directed toward developing personalised medicine, advanced diagnostics, and treatments for chronic and infectious diseases.
  • Digital Health Solutions: The integration of artificial intelligence (AI) and data analytics into healthcare systems is a critical area of investment, aimed at improving patient outcomes and reducing healthcare costs.
  • Sustainable Agriculture: Projects that enhance crop yields, reduce environmental impacts, and promote sustainable farming practices will receive significant backing.
  • Food Security: Innovations in climate-resilient crops, alternative proteins, and efficient water usage are crucial to addressing global food supply challenges.
  1. Digital & Emerging Technologies

Digital transformation is at the heart of the UK’s innovation strategy. To maintain global competitiveness, the government is prioritising investments in:

  • Artificial Intelligence (AI): Responsible AI development and adoption across industries are key priorities. This includes funding for AI-driven solutions in healthcare, finance, and manufacturing.
  • Quantum Computing: The UK aims to lead in quantum technologies, supporting projects that push the boundaries of computing power, cryptography, and materials science.
  • Cybersecurity: Enhancing digital security and protecting critical infrastructure are vital to ensuring the integrity of the country’s digital economy.
  • Advanced Manufacturing: Funding will support the adoption of Industry 4.0 technologies, including robotics, 3D printing, and the Internet of Things (IoT).
  • Creative Industries: Recognising the potential of the creative sector, investments will focus on digital content creation, immersive media technologies, and gaming.

Major Funding Competitions and Opportunities

In addition to strategic focus areas, several major funding competitions are open or expected to open in 2025, providing opportunities for businesses and research organisations to secure essential financial support. Here are just a few examples of what’s available:

  1. Innovate UK Smart Grants

Total Funding: Up to £1 million

Eligibility: UK-registered businesses, including micro, small, and medium enterprises (SMEs), as well as research organisations working in collaboration with businesses.

Scope: The Smart Grants competition is designed to support game-changing and commercially viable R&D projects across any sector. Successful applications typically demonstrate a clear potential for significant economic impact, job creation, and technological advancement.

  1. Innovation Loans Future Economy Competition

Total Funding: Up to £2 million

Eligibility: UK-registered SMEs with late-stage R&D projects that have a clear route to market.

Loan Terms: Loans range from £100,000 to £2 million, with fixed interest rates and repayment periods of up to seven years.

Focus: This competition targets businesses that need financial support to bridge the gap between late stage R&D and commercial success. Eligible projects include those focused on scaling production, completing final testing, or obtaining regulatory approval.

  1. Innovate UK Biomedical Catalyst Competition

Total Funding: Up to £30 million

Eligibility: UK-registered SMEs and research organisations developing innovative solutions in the biomedical sector.

Focus: This competition supports the development of new healthcare technologies, with a particular emphasis on novel therapeutics, medical devices, and diagnostics.

  1. Collaborative R&D: Creative Catalyst

Total Funding: Up to £200,000

Eligibility: UK-registered SMEs in the creative industries, particularly those working on innovative digital content, immersive technologies, or tools for film, television, and gaming.

Scope: This competition aims to develop commercially viable products that enhance the UK’s creative sector. Collaborative projects involving multiple partners are encouraged.

  1. Knowledge Transfer Partnership (KTP): 2024 to 2025 Round 5

Total Funding: Up to £9 million

Eligibility: UK-registered academic institutions, research organisations, or Catapults collaborating with businesses.

Scope: KTPs aim to transfer knowledge from academia to industry, helping businesses innovate and grow. Projects typically involve hiring a graduate (KTP Associate) to work on a specific innovation project within the business.

  1. ATI Programme Strategic Batch

Eligibility: Open to UK-registered businesses and collaborations in aerospace research or technology development.

Focus: This programme supports projects aligned with the UK Aerospace Technology Strategy, aimed at enhancing the competitiveness of the civil aerospace sector.

Other than Innovate UK

Here are other available funding sources outside of Innovate UK:

  1. NIHR (National Institute for Health Research)

Total Funding: Varies by competition

Eligibility: Open to academic researchers, NHS organizations, charities, and businesses involved in healthcare innovation.

Scope: The NIHR offers a range of funding opportunities, including programs focused on applied health research, global health research, and infrastructure support. Key initiatives include the Health Technology Assessment (HTA) programme, Efficacy and Mechanism Evaluation (EME) programme, and Invention for Innovation (i4i) programme.

  1. Water Innovation Competitions

Funding: Part of a £300 million fund for 2025-2030

Eligibility: Water companies and their partners working on cross-sector collaborations to address challenges in the water industry.

Focus: Projects should aim to improve water efficiency, sustainability, and resilience.

  1. UK Games Fund

Funding: Part of a £5 million extension announced in 2023

Eligibility: UK-based independent game development companies

Focus: Supporting early-stage game development through prototype funding and talent development initiatives.

  1. Advanced Research and Invention Agency (ARIA) Funding Opportunities

Total Funding: £800 million over four years

Eligibility: Open to high-risk, high-reward projects from innovators across all sectors.

Scope: ARIA focuses on ambitious and potentially transformative projects that traditional funding bodies might consider too risky. The agency operates with a high level of autonomy and minimal bureaucracy, enabling it to fund breakthrough innovations quickly.

Focus: Supporting disruptive technologies and novel scientific discoveries that could lead to significant advancements in areas such as energy, healthcare, and advanced materials.

  1. Defence and Security Accelerator (DASA) Funding Opportunities

Total Funding: Varies by competition

Eligibility: Open to businesses, academics, and innovators working on defence and security solutions.

Scope: DASA runs multiple competitions throughout the year, seeking innovative solutions to complex defence and security challenges. Key areas include surveillance, AI for defence, autonomous systems, and cyber resilience.

Focus: Supporting projects that enhance the safety and effectiveness of the UK's armed forces and security services, with an emphasis on rapid development and deployment of cutting-edge technologies.

  1. Welsh Government's Smart FIS Programme

Total Funding: Up to £225,000

Eligibility: Open to Welsh SMEs and research organisations developing innovative solutions in priority sectors.

Scope: The Smart Flexible Innovation Support (Smart FIS) programme offers financial support for R&D projects with high commercial potential. The programme encourages collaborative projects and aims to enhance innovation capacity in Wales.

Focus: Supporting projects in sectors such as advanced manufacturing, energy, healthcare, and digital technologies, with a particular emphasis on boosting regional economic growth.

Emerging Trends in Innovation Funding

Several broader trends are shaping the UK’s innovation funding environment in 2025:

  1. Public-Private Partnerships: The government is increasingly leveraging public-private partnerships to maximise the impact of innovation funding, particularly in large-scale projects.
  2. Regulatory Innovation: The newly established Regulatory Innovation Office aims to streamline regulatory processes for emerging technologies, making it easier for innovators to bring products to market.
  3. Climate Finance: With a growing emphasis on green investment, initiatives like the National Wealth Fund and GB Energy are expected to play a crucial role in mobilising private capital for renewable energy projects.
  4. Skills Development: Addressing the decline in STEM graduates, the UK government is likely to introduce new initiatives aimed at fostering a robust talent pipeline to support future innovation.

Whether you’re a UK start-up looking to scale or an established business seeking to develop new technologies, 2025 will hopefully provide ample opportunity to support your growth ambitions.

by Dayne Hodgson

Proposal preparation grants for 2024 and 2025 calls

Innovate UK and the British Academy have funding schemes open for Horizon Europe Pump Priming Grants, to enable SMEs, research organisations and universities in the UK build partnerships and develop proposals. If you are planning a submission to a 2024 or 2025 Horizon Europe call, one of these schemes may support the development of your proposal.

Innovate UK Horizon Europe Pump Priming
UK SMEs can apply for a grant of up to £5000 (Ex-VAT) to help them in their preparation for submitting a Horizon Europe proposal for a collaborative opportunity. This could be used to fund attendance at networking events, to contribute to the cost of joining associations and other activities that are solely directed at future Horizon Europe participation. Note that if you have already received an Innovate UK Pump Priming grant you will not be able to apply for another in this round. The closing date for applications is 17th January 2025 and the final date on which claims can be made for payment is 17th February 2025.

British Academy Horizon Europe Pump Priming
Principal Investigators (PIs) at universities and research institutions can apply for a grant of up to £10,000 to help them in their preparations for submitting a Horizon Europe proposal for Pillar 2 of Horizon Europe – Global Challenges and European Industrial Competitiveness. All of the details such as eligibility, closing dates, etc., are published on the British Academy website and any questions about this scheme should be addressed directly to them.

by Dayne Hodgson