Your trusted adviser for R&D Tax Credits, Creative Tax Relief, and R&D Grants

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.

Myriad is the UK’s leading specialist R&D grant adviser.  Our talented bid writing team boast some of the highest success rates in the UK and Europe.   

Get in touch today!

R&D Grants

A Complete Guide to Research and Development Grants

Gain the expert insight to secure R&D grant funding for your innovative projects with our six step process. Follow along and unlock the potential of investment in groundbreaking initiatives.

What are R&D grants?

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.

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How do I apply for an R&D grant?

Applying for an R&D grant is competitive and time-consuming. For your application to win, you must:

  1. Make a strong case for your R&D project from a technical, commercial & financial perspective.
  2. Meet the criteria of the R&D grant scheme you’re applying for.

Find out more via the FAQ's below

What R&D grants are available?

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.

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How can we help?

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!
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  • #1 UK & EU grants team - We employ leading bid writers who write compelling applications.
  • 70% Success rates - Myriad boasts a near 70% success rate with Innovate UK Smart grant applications. This is among the highest success rates in the industry.
  • Templates & tools - Our templates make it easy to collaborate & prepare a winning bid.
  • Honest & Trustworthy – We will not waste your time or money. If we feel your application won't succeed, we will tell you before we undertake the application process.
  • Unlimited revisions - Our grant writers provide feedback on successful and unsuccessful grant applications. We review this feedback with you to give you ongoing advice and guidance.
Grant Figures 2022

Our results

  • €70m in Disruptive Technologies Innovation funding won.
  • €90m in Horizon Europe funding won.
  • #1 European grants team - We employ leading bid writers who write compelling applications.
  • A complete service - On receipt of your offer letter, we help you with all administrative requirements to ensure prompt receipt of grant funds.

Frequently asked questions

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:

  • Outline the project, describe the research and development you want to undertake and explain what market need it’s fulfilling.
  • Work out how much capital you can put towards the project and how much extra funding you need. A grant provider will want to see that your business is sound and your project is financially viable.
  • Investigate what schemes you might qualify for. Check whether project costs might be eligible for R&D tax credits, as an R&D grant could impact this.
  • Reach out to the grant scheme and confirm exactly what you need to do to apply for your required funding.
  • Grant applications are time-consuming, significantly drain resources, and are very competitive. So, think carefully about whether you want to commit before going any further.
  • Write the grant application. Take care to make sure your application is straightforward and articulates the business opportunity.
  • Depending on the R&D grant scheme, the decision may take several months. Be patient, and remember that you may need to provide extra proof of expenditure to claim your reimbursement.

Your grant application is more likely to be successful if it:

  • Explains the positive impact your innovative project will have on your business and the market in general.
  • Demonstrates why your business will succeed with this innovation over your competitors.
  • Shows that you clearly understand the target markets, including potentially competing products and your concept for commercialisation.
  • Confirms why your proposed product, process, or service is a radically new application that will transform the marketplace.

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:

  • Feasibility studies.
  • Development of prototypes.
  • Collaboration with other businesses or with academic researchers.

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.

Does your business qualify?

Speak to one of our senior grant writers to see if your project is likely to win funding.


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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?

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Have you incurred any R&D costs on staff, contractors and consumables?

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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?

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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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