Businesses looking for project financing may have heard of Innovate UK and Horizon 2020 amongst others, as sources of grant funding for innovative projects.
When working with clients to prepare their grant bids, I always get asked the same questions - What is the difference between the 2 competitions? How do I write this grant application? What areas should I focus on? What area is of most importance?
I’ve have been working in the public funding space for nearly fifteen years now, and I was thinking about these questions last week when I was writing an application for a new funding competition.
Then it dawned on me.
It doesn’t matter who the fund award body is, it doesn’t matter if you are a university, SME or Large Enterprise – we must never forget that when companies apply for grants, they are applying for public money. This is money from taxation that could have been spent elsewhere, for example on hospitals, social care and national infrastructure.
So, if you ever think “what is important in this grant application?” please remember where this money could be spent and the impacts it could have on those areas.
OK, now that we’ve cleared that up, you’re probably wondering “but what is important?”
In my 15 years of experience I find it’s always the same:
Should you be interested in applying for any grant competitions, feel free to get in touch and I’ll be happy to give you a call back to discuss your application in more detail.
Innovate UK is now looking to invest up to £25 million in game-changing and commercially viable R&D innovation that can significantly impact the UK economy.
UK registered micro and small businesses in the creative industries sector, can apply for funding up to £50,000 with a package of support to grow their business.
UK registered SMEs can apply for a share of up to £25 million to develop innovative solutions to health and healthcare challenges. This funding is from Innovate UK.