Innovate UK Grants

Innovate UK Funding

Innovate UK is the UK’s innovation agency. It aims to drive productivity and growth by supporting businesses, including start-ups, SMEs and large organisations, to realise the potential of new technologies, develop ideas and make them a commercial success. It provides support in 2 main ways: 

Funding

To help businesses develop new products, processes and services that will meet or define the markets of the future.

Connecting

To bring businesses together with the right partners, expertise, facilities, financiers and influencers that can help them bring their ideas to market.

Talk to the team about Innovation grants today

Grant and funding support are channelled through 4 sectors:

Emerging and enabling technologies

Including high-potential technologies just emerging from university or other research, and cross-cutting technologies and capabilities such as digital, satellite applications, sensors, robotics and design.

Health and life sciences

Including health and care technologies, agriculture, food and biosciences.

Infrastructure systems

Including connected transport, energy systems and supply, and urban living.

Manufacturing and materials

Including new manufacturing and materials technologies, processes, business models and systems, resource efficiency and exploitation of digital approaches.

Innovate UK also have an open programme to provide grants to any innovative UK company working in any high-value innovative technology, business model or process in any area of the economy. Funding is offered to the companies that submit the best proposals in a competitive application process. 

The Government recently announced the creation of an Industrial Strategy Challenge Fund (ISCF), as part of its new industrial strategy. Innovate UK played a key role in the development of the ISCF and will now play a central part in its delivery.

Industrial Strategy Challenge Fund

More than £1 billion of this will be invested in the first wave of the Industrial Strategy Challenge Fund (ISCF) across Innovate UK and the research councils in an initial 6 key areas over the next 4 years. 

The ISCF will bring together the UK’s world-leading researchers and ambitious businesses to meet the challenges head on and deliver market leading commercial products and services. It will ensure that scientific investment truly delivers economic impact, jobs and growth right across the country. 

Innovate UK and the research councils will deliver the ISCF in 2017/18. From April 2018, UK Research and Innovation will manage and deliver the fund.

The first 3 ISCF competitions are:

£246 Million

In clean and flexible energy, called the Faraday Battery Challenge, to lead the world in the development, design and manufacture of batteries that will power the next generation of electric vehicles, anchor high-value jobs in the UK, and help tackle air pollution.

£197 Million 

To develop first-of-a-kind technologies for the manufacture of medicines that will speed up patient access to new drugs and treatments, building on the exporting strengths of the UK’s biopharmaceutical sector.

£93 Million 

To make industry and public services more productive by developing artificial intelligence and robotics systems that can be deployed in extreme environments that occur in off-shore energy, nuclear energy, space and deep mining.