Grant Funding
Explore major UK and European R&D grant funding bodies, grant programmes and R&D grant calls to find opportunities that match your R&D project.
Introduction to R&D grant funding
Grant funding is managed and awarded by government bodies or charitable organisations. There are different grant funding categories: Research & Development (R&D or R&I), Capital, Business Support, Development and Charitable. In order to apply for grant funding, you will need to complete an application form that will be submitted to the awarding body for assessment. There is generally a stated deadline for applications and the process is competitive.
R&D grants are designed to support the research and development of cutting-edge technology and game-changing innovations. Funding can be used to pay for staff wages, equipment & materials, subcontractors, external advisors, market research and project management (including travel).
Benefits of R&D Grants
Non-dilutive funding
Broad range of funding available – from €25k to €15m
Some grants give a decision in six weeks from application
Securing a grant is seen positively by other investors (Angel and VC)
Strong external affirmation of the business from experts in the sector
Considerations of R&D Grants
Grant funders will support a certain percentage of total project costs ranging from 50% to 100% (depending on the project) called the ‘intervention rate’
Some grants have a long decision timeframe of up to six months
Grants are sometimes paid out in arrears so consider the cash flow of the venture
There are some hidden costs like administration and financial compliance reporting
