Grants supporting R&D will have one or more defining characteristics mentioned below in addition to strict eligibility criteria. You need to consider these characteristics carefully to ensure that the grant is suitable for your proposed projects and overall company R&D strategy.
Innovate UK ( IUK ) previously the Technology Strategy Board , is the main source of support for UK R&D and innovation. It is not only a grant-offering body but is responsible, as the name suggests, for UK innovation strategy in many of its variations.
Research supported varies from basic/fundamental research through applied research to developmental projects with awards ranging from 25% to 70% of eligible costs with a value from £50k to £2–3 million and occasionally higher.
Horizon 2020 (H2020) runs from 2014 to 2020 and is the EU’s flagship innovation and R&D programme with a budget in excess of €82 billion. The following is but the briefest summary directed at commercial organisations.
The scheme, developed in the USA in the 1980’s, has a number of policy objectives but from the point of view of research and development active SMEs the scheme as currently operated maybe described as follows.