This page contains information on national funding competitions and the organisations that run them. These competitions are opportunities for businesses to bid for funds to introduce new innovative practices, processes or products to their business.
Innovate UK (formerly the Technology Strategy Board) was established by the government in 2007 and is sponsored by the Department for Business Innovation and Skills (BIS). As the UK’s innovation agency, its role is to stimulate technology-enabled innovation in the areas which offer the greatest scope for boosting UK growth and productivity, with a headline figure for investment of more than £1bn between 2011-2015.
Innovate UK regularly launch funding competitions. Some are a rolling programme – such as Innovation Vouchers, and some have specific deadlines. To find out more information and identify funding opportunities suitable for your business, click here. Below you will find brief details that are particularly relevant for small businesses.
The Smart Scheme Funding for innovation projects in high growth potential SMEs. The Grants allow businesses to assess the commercial viability of a project, from feasibility to prototype. Further details can be found here.
An Innovation Voucher provides funding so that your business can work with an external expert for the first time, gaining new knowledge to help your business innovate, develop and grow. Further information can be found here.
Further support from Innovate UK can be found here
Shell Springboard aims to find the UK's next big business idea in low carbon technology and innovation. Every year, they award £330,000 to innovative and commercially viable business ideas that aim to reduce carbon emissions. They have awarded approximately £3 million to 80 businesses since 2005.
If you would like to receive future communications about Shell Springboard, you can sign up to receive newsletters here.
There are a range of funding options available to businesses, from the Central Government money to the GLLEP's Invest and Grow loan scheme. Details on those can be found here.