Innovate UK Grants

Innovate UK is part of UK Research and Innovation. The agency supports businesses by helping them develop and realise the potential of new ideas. They offer two main forms of support:

1) Funding - to help businesses develop new products, processes and services that will meet or define the markets of the future.
2) Connecting - to bring businesses together with the right partners, expertise, facilities, financiers and influencers that can help them bring their ideas to market.

Priority areas for investment

Innovate UK set out four priority areas of investment in the Delivery Plan 2019:

• Artificial intelligence (AI) and the data economy
• Ageing society, health and nutrition
• Clean growth and infrastructure
• Mobility, manufacturing and materials

Innovate UK Smart Grants 

Smart is Innovate UK’s ‘Open grant funding’ programme. UK businesses can apply for a share of £25 million to deliver game-changing and commercially viable R&D innovation that can significantly impact the UK economy.

Projects lasting between 6 and 18 months must have total eligible project costs between £25,000 and £500,000 and can be single or collaborative. In contrast, projects of 19-36 months must have total eligible project costs between £25,000 and £2 million and must be collaborative.

Talk to the team about innovation grants today