UK Research and Innovation - UKRI
Since 2018 UK Research and Innovation has been the non-departmental public body sponsored by the Department for Business, Energy and industrial Strategy (BEIS) tasked with bringing together the seven disciplinary research councils, Research England, which is responsible for supporting research and knowledge exchange at higher education institutions in England and Innovate UK, the country’s innovation agency.
Innovate UK supports business -led innovation in all sectors, technologies and regions across the UK. Their mandate is to help UK Businesses to grow through the development and commercialisation of new products, processes and services, supported by an outstanding innovation ecosystem that is agile, inclusive and easy to navigate.
They run regular “competitions” for grant funding across multiple sectors. The most popular and most competitive of which is an “open” grant competition called “Smart Grants”. Smart grant competitions are run quarterly and allow any UK registered organisation to apply for a share of up to £25 million for game-changing and commercially viable research and development (R&D) innovation that can significantly impact the UK economy.
They have a plethora of other funding opportunities with far more specific industrial focus. You can access the current list of funding opportunities here for all funding opportunities or focus those provided by a specific funding council, such as “Innovate UK”.
A significant number of our R&D Tax Relief customers are already benefitting from grant funding that they have received. If you are interested in a funding opportunity, contact us to discuss your project.
Grant Services FAQs
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What sort of projects get grant funding?
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Who are Innovate UK?
Client Testimonials
As a start-up with a unique mobile app, saving £8k+ in tax is a big deal.
We saved £64k with R&D tax relief. Simon is brilliant. He scores 10 out of 10!
You really need a specialist for R&D tax relief. Simon saved us £140k+
You really need a specialist for R&D tax relief. Simon saved us £140k+
Book a FREE 15 Minute Call
We’ve found that an initial 15-minute phone call is normally sufficient for us to determine whether there is some potential in a project. Choose a date and time to schedule in your free, no obligation call with our experts.
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Does my Business Qualify?
The simplest definition of R&D is when a company looks for an advance in science or technology. This is deliberately broad and it means it can be interpreted to include the development of physical technologies as well as software.
In order to get R&D tax relief for a technology project, you will need to show in your claim that your company looked for an advance, had to overcome an uncertainty, took steps to overcome this uncertainty, and that this work couldn’t have been achieved easily by someone in your industry.
It only takes 15 minutes to find out if you are eligible for R&D Tax Credits – why not book in a call today?
Grant Funding Blog
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Are you worried about your R&D Tax Credits Claim?
Since the start of the year, the R&D Tax Credits industry has been shaken to its core by a significant increase in the number of enquiries being opened by HMRC…
Could your SIC Code land you in hot water with HMRC?
Over the last 12 months, there has been significant focus at HMRC on a company’s SIC Code in determining whether they should open an enquiry into a Research and Development…
