Blog

Grant funding for innovative projects

Paul Whitney

Managing Director
20/07/2021

Here’s a taster of the grant funding available to support you with innovative projects to grow your business:

1) Innovate UK SMART- awarded to innovative businesses from any area of technology. Total project costs can be up to £2m, with up to 70% funding for SMEs:

  • Projects of 6 - 18 months must have total eligible project costs between £25,000 and £500,000 and can be single or collaborative.
  • Projects of 19 - 36 months must have total eligible project costs between £25,000 and £2 million and must be collaborative
  • Deadline for applications: 25th August 2021

2) ISCF smart sustainable plastic packaging: business-led R&D - awarded to businesses delivering projects with the potential to significantly impact the 2025 UK Plastics Pact targets.

  • Projects must address widely known problems related to plastic packaging for consumer products
  • Grants available for £200,000 to £4m per project
  • Projects must start early 2022, end by 31 March 2025 and last between 12-36 months
  • Deadline for applications: 8th September 2021

3) Biomedical catalyst 2021: early stage and late stage awards – apply for a share of up to £18m to develop innovative healthcare product, technologies and processes.

  • Projects can include:
    • disease prevention and proactive management of health and chronic conditions
    • earlier and better detection and diagnosis of disease - leading to better patient outcomes
    • tailored treatments that either change the underlying disease or offer potential cures
  • Total eligible project costs must be between £250,000 and £4m
  • Projects must start from 1 April 2022 and last between 12-36 months
  • Deadline for applications: 26th August 2021

4) EIC Accelerator – this funding is available to businesses in all EU Member states and countries associated to the Horizon Europe programme. It supports SMEs in bringing to market new innovative products, services and business models that could drive economic growth.

  • Designed to help develop business concepts further into market-ready solutions 
  • Companies will receive between €0.5m and €2.5m in funding
  • Projects should normally take between 12 to 24 months to complete
  • Deadline for applications: 6th October 2021

Our Corporate Finance Team is here to help you find the best possible funding route to support your business. Please contact us to access all the latest grants and funding to drive innovation and growth within your business. Speak to our team on 0161 476 8276 or email hello@hallidays.co.uk

When shall we meet?

Pick a date and time that suits you - and leave your details - to schedule your free online personal advisory meeting with one of our business advisors. You’ll receive a confirmation of the appointment via email. We’re looking forward to meeting you.

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