R&D Grants cover up to 100% of total project costs, depending on the specific call, the technical-readiness-level and the legal status of the applicant(s). Here is a rough guide to funding rates:
- Small Businesses can expect 70% of their project costs to be covered by an R&D grant (from Innovate UK and EIC Accelerator and IAs under Horizon Europe for example). Collaborative Research & Innovation Actions (under Horizon Europe) offer 100% funding of project costs. Eurostars offers a 60% funding rate for innovation projects.
- Medium-sized businesses can expect 60% of their total project costs to be covered by an R&D grant. This can increase to 100% depending on the specific call (RIAs under Horizon Europe offers 100% funding).
- Large companies can expect 50% of their costs to be covered by an R&D grant. Again, this can increase to as much as 100% (Horizon Europe RIAs and EIC Pathfinder for example).
- Universities, RTOs, Social Enterprises, Charities, NGOs and public bodies can expect 100% of their project costs to be covered by R&D grant funding.
The difference between the Total Project Cost and the Grant Funding is called the Match Funding. This is the % of total project costs that the applicant(s) will have to fund for the R&D project.
