Your trusted adviser for R&D Tax Credits, Creative Tax Relief, and R&D Grants
Your trusted adviser for R&D Tax Credits, Creative Tax Relief, and R&D Grants
R&D grants can be secured from Innovate UK, Horizon Europe and EUREKA Eurostars to support your innovation project. The application process is competitive and time-consuming, which is to be expected when grants of up to £10m are on offer.
UK companies have the unique opportunity to receive one-time grants from the government for research and development efforts, allowing them to explore more innovative products, services, or processes.
Suppose your project is attempting to tackle a technical challenge through R&D activities. In that case, grant funding may be available - provided you can demonstrate how this new development could impact markets in meaningful ways.
When crafting an application, make sure it outlines what commercial opportunities are present and plans to capitalise upon that success.
Applying for an R&D grant is competitive and time-consuming. For your application to win, you must:
Find out more via the FAQ's below
There are three government-run R&D grant schemes, each with its own focus, criteria and funding limits:
Innovate UK: Runs open and sector-specific R&D funding competitions where you can win anything from £25k to £10m in funding. Visit our Innovate UK page.
Horizon Europe: Has a pot of €95.5 billion to support innovative projects that fuel the EU’s scientific, technological and sustainability excellence. Visit our Horizon Europe page.
EUREKA Eurostars: Offers UK SMEs that work with European partners up to 60% of their eligible R&D expenses. Visit our EUREKA Eurostars page.
"Marc and his team assisted Hooke Bio in securing EIC Accelerator funding (blended finance). I doubt we would have successfully navigated the complicated EIC process and portal without Marc's in-depth knowledge of the portal's structure and strategic grant writing. He has fantastic attention to detail, is easily contactable and always very clear with his feedback. Marc's assistance does not end with notification of the funding; he continues to advise, assist and put us in contact with others in his vast network who have received similar funding."
Dr Finola Cliffe
Hooke Bio Ltd
"Marc and his team have been an excellent support to Luminate, advising on DTIF and EIC Accelerator grant submissions. They have an obvious understanding of the funding requirements and have supported us through all phases, from grant writing to interview preparation. I would highly recommend him for support on deeptech funding applications."
Aaron Hannon
Luminate Medical
“Marc and the Myriad team helped us apply for and secure an EIC Accelerator Grant. I would recommend Marc and the wider team to anyone applying for this or any other type of funding. He has an incredible talent for structuring and writing technical content such that it is both easy to understand and compelling and a knowledge of the process that is second to none. Consultants often have a sometimes-earned reputation for "give me your watch, and I'll tell you the time". Marc could not be more different to this. His optimism, proactivity, resilience and sense of humour kept us going through a challenging process from beginning to end. I lost count of the number of times he has said, "Don't worry, I'll do that". He's also a great bloke, and I look forward to having the opportunity to work with him again in future.”
Dominic Griffiths
Alesi Surgical
"Marc is the best in the grant funding business, with a stellar success rate at innovation funding mechanisms. He acts as a guide to enable the reviewer to be the hero - clarifying your message so the audience will listen - and his approach works. I've heard Marc described as a great grant writer and editor, but that description is an injustice to his deep expertise, effort, and skill. We've had a 100% success rate for all applications we've worked with Marc - notably EIC Accelerator grant-first (plus future equity) success in 2021."
Stephen Cox
Invera Medical
“Kite Medical had the pleasure of working with Marc on a recent grant application to the EIC Accelerator, which was successful. Marc became part of our team during this time and was a consistent calming influence. He is so knowledgeable about this process and works so efficiently that it significantly enhanced our experience. We would be more than happy to recommend Marc and his team at Myriad.”
Joan FitzPatrick
Kite Medical
"Lauren and the Myriad team helped us apply for and secure funding through the Disruptive Technologies Innovation Fund (DTIF). Lauren was instrumental in our success, providing CergenX and the other consortium members with clear guidance, advice, and writing expertise. I look forward to continuing this working relationship, and I would recommend Lauren and the wider team to anyone applying for this or any other funding of this type."
Jason Mowles
CergenX
"The Galenband team collaborated with Lauren through Myriad to prepare our grant submission. Throughout this process, Lauren demonstrated a wealth of knowledge, offering insights and clarity on the nuanced details of a grant application. This significantly expedited and streamlined the proposal and interview preparations. We look forward to continuing our collaboration with Lauren during the grant agreement process and sincerely appreciate the support received thus far."
Oisín McGrath
Galenband
"We worked with Lauren and Marc at Myriad for over a year in preparing our submission for the EIC Accelerator, and they were a pleasure to work with during that time. They helped us with every step from proposal writing to interview preparation and were key to our success in securing the approval for a Grant-First Award of €2.5m followed by €6m in equity. We continue to work with Lauren and Marc since their experience is invaluable in the ongoing management of our grant, and it frees me up as CEO to focus on driving the business, knowing that I am in their safe, guiding hands. I couldn't recommend Lauren, Marc and Myriad highly enough!"
Peter F Doyle
BioSimulytics
"I have worked with Rehman on several grant proposals, and so far, he has kept us at a 100% success rate (approx. €4m to date!). Rehman can quickly get to the heart of deeply technical ideas and help translate them into proposals that win. He is driven and has excellent attention to detail, and I'd have no problem recommending him to anyone looking to do the same!"
Mark Brassil
Smart Reactors Ireland and Cerefuze Medical Devices UK Ltd
"Working with Rehman on our EIC grant submission was more than a pleasure. He has much experience in grant writing. We were successful with his expert guidance and support. I enjoyed working with Rehman; he was knowledgeable and highly motivated approach. I highly recommend working with Rehman for his professional services and personality. Thanks for all your help, Rehman! You did a great Job!"
Shahar Shaked
BioProtect Ltd
“As a result of working with Myriad, we have secured grant funding on three separate occasions, and we're currently waiting for the results of another grant application we've made. We certainly think that with Myriad’s help, we've been able to produce a very strong application.”
Chris Stanford
Arden Biotech
”Once we met with Marc, it became apparent he understands precisely what the EU is looking for. Even though it was our grant, our proposal, and it was for our company, we could feel he was invested in it. He just had little ideas that really helped to make sure we got all the marks that were going."
Dr Kate Reddington
BioProbe Diagnostics
"Marc and the Myriad team are such pros; his work ethic and attention to detail, coupled with his strategy guidance, are so compelling, and his results speak for themselves; it can't be all down to luck.”
Tony Killarney
ONK Therapeutics
Myriad have an enviable track record with R&D grant applications. Using our grant application services can give you a significant competitive advantage over other grant applicants.
Our grant bid writers have secured over €200m for our clients in the last 24 months. We are also very proud to have secured some of the highest-scoring applications in Europe, with five of our projects scoring 15/15.
Get in touch today!
Applying for a research and development grant requires a considerable time commitment.
Myriad Associates would recommend that you follow the below process if you plan to submit your application for R&D funding:
Your grant application is more likely to be successful if it:
Each R&D grant scheme has its own timeline for providing feedback and a decision on funding. It could take a few weeks, or it could be several months. Typically, grant bodies indicate on their competition date page the date applicants will be notified.
If your application is successful, you’ll need to provide the information required by the R&D grant-awarding body, which may include further documentation and financial checks.
Funding is generally paid in arrears once the required audits and reports are complete. Each grant-awarding body has its own payment rules.
Grants often fund activities that support the research and development of an innovative product, service or process, such as:
Yes. You can receive R&D grant funding and claim R&D tax credits for the same project. However, to get the maximum amount of R&D tax relief, there are several complex stipulations that you must understand before you progress with your R&D tax claim and R&D grant application.
R&D grant and tax relief specialists like Myriad Associates can advise you on how to get the maximum amount of R&D tax credits and R&D grant funding for your innovative projects.
Contact us now for help, support and guidance.
Grant applications are usually examined by independent experts in the area of innovation identified in the application. The number of experts scoring the application depends on the grant awarding body.
Step 1 of #
Is your business registered for Corporation Tax in the UK or are you a partnership with corporate owners?
Have you developed new or improved existing products, processes or services in the last 2 accounting periods?
Does your business have fewer than 500 staff, and either: A turnover of no more than €100 million; or Gross assets of no more than €86 million?
Sorry, you must be a UK limited company or be a Partnership with corporate owners to be eligible for R&D tax credits.
In order to qualify for R&D tax credits you must be seeking to advance science or technology within your industry. As you’ve not developed any new or improved any existing innovative tools, products or services, and not re-developed any existing products, processes or services in the last 2 years. It is unlikely you have any qualifying activity. If you’re unsure, email or call us and we’ll help clarify.
In order to claim R&D tax credits, you need to either employ staff or spend money on contractors, consumable items and other items. If you’re unsure, email or call us and we’ll help clarify.
Thanks for that!
Congrats!! Based on your previous answers, you will qualify for the SME scheme. If you’d like some help maximising and securing your claim, please email or call us.
Congrats!! Based on your previous answers, you will qualify for the RDEC scheme. If you’d like some help maximising and securing your claim, please email or call us.
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