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The amount of grant depends upon the purpose for which it is given. The main purposes and potential amounts of grant are as follows: -

Capital Grants for Investment

In reality these grants are more concerned with the protection or creation of employment. Grant levels range between 10% and 20% of overall project costs (up to 40% for SMEs), alternatively, between £2,500 and £7,000 per job created.

Training

Grants cover both design and delivery of training. Grants of between £1000 per person and 50% of training costs are available in specific instances whereby engineering training is particularly favoured. The terms are specific and restrictive.

Research and development

R&D grants run typically at 30% to 75% of the total project cost. Costs may include salaries, consumables, related capital expenditure, consultancy, IPR protection and a substantial contribution towards overheads. Not for profit e.g. academic bodies, may have costs 100% covered.

Infrastructure projects

These grants target specific areas which have suffered industrial or sectoral decline e.g. textile, fishing or defence industry locations. EU grants target transnational borders, culture and cohesion, environment. Grant amounts may run to many millions of Euro and typically cover 15-40% of project costs.

Export support

These grants usually heavily subsidise the cost of setting up export activities, e.g. finding agents, market research or exhibition attendance. They can equal very high costs if you were to carry out an equal activity yourself and are often more successful.  They are potentially valuable but delivery is very varied. As far as UKIT are concerned, overseas market research may be subsidised by 50% up to £20k

Advisory services and consultancy

Free or subsidised consultancy or provision of specialist information. Consultancy grants for specific tasks will run at up to 50% of consultancy fees. Specialist information services, access to databases etc is free or requires a nominal contribution. These services are actually very good value if they meet your requirements.

Miscellaneous grants

E.g. assistance for museums, rail and water freight projects, craft industries and rural development. The grant rates vary too greatly for real comment but range from 10 to 35%.

The key point is that in ALL instances grants and soft loans will always only meet a percentage of the total cost. The applicant will invariably have to demonstrate that the balance of funding to see the project through to completion is available.

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 ...