UK Tax Credits


R&D Tax Relief

Innovate UK is the UK’s national funding agency for innovation and sustainability, supporting business-led innovation in all sectors, technologies and UK regions. Cash grants and low-interest loans help businesses grow through offsetting or funding the development and commercialization of new products, processes and services.

Main Funding Programmes

Innovate UK Smart Grants

UK registered Small & Medium-Sized Enterprises (SMEs) and their partners can apply for game-changing and commercially viable R&D innovation that can significantly impact the UK economy. The programme is for world leading ideas, designed for swift, successful commercialization. Ideas need to be novel and disruptive in the marketplace.

Projects of 6-18 months must have total project costs of between £100,000 and £500,000 and can be single or collaborative. Projects of 19-36 months must have total project costs of between £100,000 and £2 million and must be collaborative. The Smart Grant can cover up to 70% of project costs depending upon size of your business.

  Headcount Turnover Balance Sheet Funding Rate
Micro <10 <£632k <£316k 70%
Small <50 <£10.2m <£5.1m 70%
Medium <250 <£36m <£18m 60%
Large  >250 >£36m >£18m 11%

 

Cash Grants for International Collaboration - £160m fund supporting international collaborations

More than 30 international collaborative programmes of Research, Innovation and Infrastructure with the latest example being the UK-Israel Eureka Bilateral Collaborative R&D programme whereby a UK business can apply for a cash grant of up to £250k for each project (up to 70% of project cost covered by grant, dependent upon size of business) to collaborate with an Israeli company on a business led R&D project resulting in a new product, industrial process or service. Projects must be innovative, involve a technological risk and target large global markets

Industrial Strategy Challenge Fund (ISCF)

The ISCF is made up of 23 challenges, covering the four industrial strategy themes below and is backed by £2.6b of public money with £3b in matched funding from the private sector.

  • Clean growth: to maximize advantages from a global shift to clean growth, by supporting development, manufacture and use of low-carbon technologies, systems and services. Typical programmes: Transforming food production, transforming foundation industries, smart packaging, made smarter initiative
  • Ageing society: to support innovation in technologies and services for an ageing population and improved therapies and treatments to keep citizens healthy in later life. Typical programmes: data-driven diagnosis and precision medicine, detection of disease, health ageing
  • Future of mobility: to reduce the UK’s carbon footprint from transport, reduce congestion and improve mobility through advancing technologies such as automation and robotics. Typical programmes: Faraday Battery Challenge, future Flight, driving the electric revolution
  • Artificial intelligence and data economy: to put UK at the forefront of AI and data revolution. Typical programmes: Audience of the future, commercializing quantum technologies, digital security by design and creative industries clusters
Catalysts - Joint cash grant programmes with Research Councils UK (RCUK)

Innovate UK works with the research councils to run four catalyst programmes: Agri-Tech Catalyst, Biomedical Catalyst, Energy Catalyst and Industrial Biotechnology Catalyst. These programmes are for UK businesses or research organisations that work in the respective sectors. Three main phases of project can be considered – (i) early-stage feasibility studies (ii) industrial research (prototyping, field trials and market testing) and (iii) late-stage testing in a real-life environment. Typical project costs between £50k and £1.5m for a project between 6-24 months. The Innovate UK Catalyst grant can cover up to 70% of project costs depending upon size of your business.

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Grants Funding Available


Energy Catalyst Round 9 - Early Stage

OPEN Organisations can apply for a share of up to £20 million to create new or improved clean energy access in sub-Saharan Africa, South Asia or the Indo-Pacific regions.

Opened: 18 May 2022

Closes: 10 Aug 2022

Energy Catalyst Round 9 - Mid Stage

OPEN Organisations can apply for a share of up to £20 million to create new or improved clean energy access in sub-Saharan Africa, South Asia or the Indo-Pacific regions.

Opened: 18 May 2022

Closes: 10 Aug 2022

Energy Catalyst Round 9 - Late Stage

OPEN Organisations can apply for a share of up to £20 million to create new or improved clean energy access in sub-Saharan Africa, South Asia or the Indo-Pacific regions.

Opened: 18 May 2022

Closes: 10 Aug 2022

Commercialising Connected and Automated Mobility: Mass Transit

open UK registered organisations can apply for a share of up to £1.5 million for feasibility studies into the use of connected and automated mobility as a mass transit solution.

Opened: 23 May 2022

Closes: 20 Jul 2022

Commercialising Connected and Automated Mobility: Deployments

open UK registered organisations can apply for a share of up to £40 million of CCAV competition funding, supporting new automated transport service projects.

Opened: 23 May 2022

Closes: 20 Jul 2022

Faraday Battery Challenge Round 5 Innovation: CR&D

open UK registered businesses can apply for a share of up to £25 million across two strands, for innovation in propulsion battery technologies for electric vehicles.

Opened: 23 May 2022

Closes: 17 Aug 2022

Faraday Battery Challenge Round 5 Innovation: Feasibility Studies

open UK registered businesses can apply for a share of up to £25 million across two strands, for innovation in propulsion battery technologies for electric vehicles.

Opened: 23 May 2022

Closes: 17 Aug 2022

Clean Maritime Demonstration Competition Round 2 – Collaborative R&D

OPEN UK registered organisations can apply for a share of up to £12 million for innovative clean maritime projects. This funding is from The Department for Transport.

Opened: 25 May 2022

Closes: 13 Jul 2022

Clean Maritime Demonstration Competition Round 2 – Feasibility

OPEN UK registered organisations can apply for a share of up to £12 million for innovative clean maritime technologies. This funding is from The Department for Transport.

Opened: 25 May 2022

Closes: 13 Jul 2022

Knowledge Transfer Partnerships (KTP): 2022-2023, Round Three

open UK registered academic institutions, RTOs or Catapults can apply for a share of up to £9 million to fund innovation projects with businesses or not for profits.

Opened: 27 Jun 2022

Closes: 14 Sep 2022

Expression of Interest: Establish a Total-Body PET Facility

open Submit an expression of interest for funding to establish a total-body positron emission tomography (PET) facility as part of a new national Total-Body PET programme.

Opened: 07 Jul 2022

Closes: 01 Sep 2022

Lead a Network of Innovation and Research Funding Policy Experts

open Apply for funding to lead a network of innovation and research funding experts. This is through the UKRI Innovation and Research Caucus.

Opened: 12 Jul 2022

Closes: 27 Sep 2022

UK Research Partnership Investment Fund - Round 7

OPEN Apply for funding for a large-scale capital project that will underpin excellent research.

Opened: 14 Jul 2022

Closes: 04 Aug 2022

APC22: Industrializing Net-Zero Automotive Technology

open UK registered businesses can apply for a share of £40 million for late-stage R&D projects that help accelerate the UK towards a net zero automotive future.

Opened: 18 Jul 2022

Closes: 07 Sep 2022

High Altitude Intelligence: Cross Sector Innovation Challenge

open UK registered organisations can apply for a share of up to £4 million for projects up to £2 million in size.

 

 

Opened: 18 Jul 2022

Closes:  02 Sep 2022

Innovation Loans Future Economy Competition - Round 5

open  UK registered businesses can apply for loans for innovative projects with strong commercial potential to significantly improve the UK economy.

 

Opened: 20 Jul 2022

Closes: 14 Sep 2022

Farming Futures R&D Fund: Sustainable Farm-Based Protein, Feasibility Studies

open UK registered organisations can apply for a share of up to £12.5 million across the two strands of this competition to develop innovative solutions for sustainable farm-based protein production. This funding is from the Farming Futures R&D Fund.

Opened: 25 Jul 2022

Closes: 21 Sep 2022

Farming Futures R&D Fund: Sustainable Farm-Based Protein, Industrial Research

open UK registered organisations can apply for a share of up to £12.5 million across the two strands of this competition to develop innovative solutions for sustainable farm-based protein production. This funding is from the Farming Futures R&D Fund.

Opened: 25 Jul 2022

Closes: 21 Sep 2022

Expression of Interest: Automotive Transformation Fund: Round 24

open UK registered businesses can apply for a share of up to £1 billion for capital centric investment projects that help industrialise the electrified automotive supply chain at scale in the UK.

 

 

Opened: 25 Jul 2022

Closes: 17 Aug 2022

Innovate UK Smart Grants: July 2022

open UK registered organisations can apply for a share of up to £25 million for game-changing and commercially viable R&D innovation that can significantly impact the UK economy. This funding is from Innovate UK, part of UK Research and Innovation.

 

Opens: 28 Jul 2022

Closes: 26 Oct 2022

UK-United States Collaborative Environmental Science Research Fund

ongiong   UK research organisations can apply for funding to work with US-based researchers on an environmental science proposal. 

Opened: 10 Mar 2022

Ongoing

Public Health Intervention Development (PHIND): Sep 2022

forthcoming Apply for funding for the early-stage development of an intervention that seeks to address a UK or global public health challenge.

Opens: Jul 2022

Closes: Sep 2022

UK – Israel Eureka Bilateral: Collaborative R&D

open Innovate UK, part of UK Research and Innovation (UKRI), is investing up to £2 million to fund collaborative research and development (CR&D) projects focused on industrial research with Israel.

Opened: 20 Jun 2022

Closes: 27 Sept 2022

Net Zero Hydrogen Fund - Strand 1 Development Expenditure (DEVEX)

closed Strand 1 of the Net Zero Hydrogen Fund will provide development expenditure (DEVEX) support for front end engineering design (FEED) and post-FEED studies for new low carbon hydrogen production facilities.

Opened: 25 Apr 2022

Closes: 22 Jun 2022

Expression of Interest: ATI Programme Strategic Batch: Jun 2022

closed The ATI Programme funds industrial research and investment aid for research infrastructures to make the UK civil aerospace sector more competitive.

 

Opened: 06 Jun 2022

Closes: 22 Jun 2022

SBRI: Fusion Industry Challenges: Phase 1

closed Organisations can apply for a share of £2 million, inclusive of VAT, to develop solutions to encourage innovation in the fusion industry, through the use of novel and innovative heating and cooling systems, materials, manufacturing and technologies.

Opened: 09 May 2022

Closes: 22 Jun 2022

Environmental Responses to Hydrogen Emissions

closed Apply for funding to explore the environmental response to hydrogen emissions.

Opens: 08 Apr 2022

Closes: 16 Jun 2022

Knowledge Transfer Partnerships (KTP): 2022-2023, Round Two

closed UK registered academic institutions, research and technology organisations (RTOs) or Catapults can apply for a share of up to £8 million to fund innovation projects with businesses or not for profits organisations.

Opens: 11 Apr 2022

Closes: 15 Jun 2022

Expression of Interest: Automotive Transformation Fund: Round 22

closed UK registered businesses can apply for a share of up to £1 billion for capital centric investment projects that help industrialise the electrified automotive supply chain at scale in the UK.

 

Opened: 23 May 2022

Closes: 15 Jun 2022

FOAK 2022 Cost Efficiency and Performance Priorities for a Reliable Railway

closed Organisations can apply for a share of £7,610,000, inclusive of VAT, to deliver innovations to address railway priorities across 3 themes.

Opened: 20 Apr 2022

Closes: 08 Jun 2022

MyWorld Collaborative Research and Development

closed UK registered organisations can apply for a share of up to £2 million for collaborative research and development projects in creative technology.

Opens: 25 Apr 2022

Closes: 01 Jun 2022

Innovation in Time Resilience, Dissemination and Application - Demonstrator

closed UK registered organisations can apply for a share of up to £4.7 million for business led innovation in resilient time, frequency and synchronisation.

Opened: 14 Mar 2022

Closes: 01 Jun 2022

Innovation in Time Resilience, Dissemination and Application - Feasibility

CLOSED UK registered organisations can apply for a share of up to £4.7 million for business led innovation in resilient time, frequency and synchronisation.

Opened: 14 Mar 2022

Closes: 01 Jun 2022

Biomedical Catalyst 2022 Round 1: Industry-led R&D

closed  UK registered SMEs can apply for a share of up to £15 million to develop innovative solutions to health and healthcare challenges. This funding is from Innovate UK.

Opens: 28 Mar 2022

Closes: 25 May 2022

Automotive Transformation Fund Scale Up Readiness Validation

closed Organisations can apply for a share of up to £15 million to validate readiness for scale up of net zero technologies and processes.

Opens: 20 Apr 2022

Closes: 25 May 2022

Innovate UK Smart Grants: April 2022

open   UK registered organisations can apply for a share of up to £25million for game-changing and commercially viable R&D innovation that can significantly impact the UK economy. This funding is from Innovate UK, part of UK Research and Innovation. 

Opened: 25 Apr 2022

Closes: 27 Jul 2022

AHRC Research Fund

closed   UK research organisations can apply for funding to research cultural heritage, society and ethics with European partners.

Opened: 11 Mar 2022

Closes: 23 May 2022

APC 21: Developing Automotive Technologies and Capability for Net Zero

closed UK registered businesses can apply for a share of £25 million for late-stage research and development projects that help accelerate the UK towards a net zero automotive future.

Opens: 31 Mar 2022

Closes: 18 May 2022

NATEP Helping SMEs Innovate in Aerospace: Spring 2022

closed UK registered businesses can apply for a share of up to £2.5 million to carry out industry led civil aerospace collaborative research and development projects.

Opens: 04 Apr 2022

Closes: 18 May 2022

Expression of Interest: Automotive Transformation Fund: Round 21

closed UK registered businesses can apply for a share of up to £1billion for capital centric investment projects that help industrialise the electrified automotive supply chain at scale in the UK.

 

 

Opened: 25 Apr 2022

Closes: 18 May 2022

Investigate High-Priority Use Cases for Exascale Software: Phase 2

closed This funding is through the Exascale Computing ALgorithms and Infrastructures Benefiting UK Research (ExCALIBUR) programme, which is part of the Strategic Priorities Fund.

Opened: 17 Feb 2022

Closes: 12 May 2022

Innovation Loans Future Economy Competition - Round 2

closed   UK registered businesses can apply for loans for innovative projects between £100,000 and £2 million that have strong potential to significantly improve the UK economy. 

Opened: 14 Apr 2022

Closes: 11 May 2022

Vehicle-to-Everything (V2X) Bi-Directional Charging - Phase 1

closed UK registered organisations can apply for a share of up to £2 million funding from BEIS to develop V2X bi-directional charging prototype hardware, software or business models.

Opens: 28 Mar 2022

Closes: 04 May 2022

Industrial Energy Transformation Fund: Phase 2

closed  The Industrial Energy Transformation Fund (IETF) supports the development and deployment of technologies that enable businesses with high energy use to transition to a low carbon future. 

Opened: 17 Jan 2022

Closes: 29 Apr 2022

Driving the Electric Revolution: Building Talent for the Future 2

closed  UK registered organisations can apply for a share of up to £4.5 million for innovative skills, talent, and training projects for Power Electronics, Motors and Drives (PEMD). This funding is from the Driving the Electric Revolution challenge.

Opened: 11 Mar 2022

Closes: 27 Apr 2022

SBRI: Digital Technologies for Robotic Nuclear Decommissioning

closed Organisations can apply for a share of £1.5 million inclusive of VAT, to develop solutions across five challenges as part of the LongOps programme.

Opens: 16 Mar 2022

Closes: 27 Apr 2022

Expression of Interest: ATI Programme Strategic Batch: Apr 2022

closed The Aerospace Technology Institute (ATI) Programme funds industrial research and investment aid for research infrastructures to make the UK civil aerospace sector more competitive.

 

 

Opened: 05 Apr 2022

Closes: 27 Apr 2022

Analysis for Innovators (A4I) Round Seven Mini Projects

closed UK businesses can apply for a share of up to £3 million to resolve productivity and competitiveness issues by working with top scientists and research facilities.

Opens: 28 Mar 2022

Closes: 20 Apr 2022

UK-Singapore Collaborative R&D

closed UK registered businesses can apply for a share of up to £3 million for the purpose of developing innovative proposals with Singapore.

Opened: 24 Jan 2022

Closes: 20 Apr 2022

Sandpit: Trustworthiness of Autonomous Robotic Systems for National Security and Defence

closed Apply to attend a five-day interactive sandpit to develop novel projects on trustworthiness of autonomous robotic systems for national security and defence.

Opened: 18 Mar 2022

Closes: 18 Apr 2022

Innovation Loans Future Economy Competition - Round 1

closed   UK registered businesses can apply for loans for innovative projects between £100,000 and £2 million that have strong potential to significantly improve the UK economy. 

Opened: 10 Mar 2022

Closes: 13 Apr 2022

Innovate UK Smart Grants

closed   UK registered organisations can apply for a share of up to £25million for game-changing and commercially viable R&D innovation that can significantly impact the UK economy. This funding is from Innovate UK, part of UK Research and Innovation. 

Opened: 17 Jan 2022

Closes: 13 Apr 2022

Knowledge Transfer Partnerships (KTP): 2022 to 2023, Round 1

closed Open to businesses or not-for-profit organisations, research organisations and graduates to work on an innovation project. Funding is provided to support the total cost of the project – businesses provide around one-third to half of the project costs depending on their size.

Opened: 14 Feb 2022

Closes: 06 Apr 2022

Eureka Eurostars 3: Call 2

CLOSED UK registered SMEs can apply for a share of up to £2.5 million to develop collaborative research in partnership with organisations from participating Eureka Eurostars member countries.

Opened: 21 Jan 2022

Closes: 24 Mar 2022

Farming Transformation Fund – Improving Farm Productivity

CLOSED  The Farming Transformation Fund provides grants towards large capital items to help businesses improve productivity, profitability, and environmental sustainability. 

Opened: 19 Jan 2022

Closes: 16 Mar 2022

SBRI Competition – Open Digital Solutions for Net Zero Energy

CLOSED SBRI Competition – Open Digital Solutions for Net Zero Energy Organisations can apply for a share of £1.2 million, inclusive of VAT, to develop open solutions to accelerate decarbonisation of energy in the UK Eligibility

Opened: 31 Jan 2022

Closes: 09 Mar 2022

Automotive Transformation Fund Feasibility Studies: Round 3

CLOSED Organisations can apply for a share of up to £10 million for business case feasibility studies to support scale up of the UK’s zero emission automotive supply chain.

Opened: 24 Jan 2022

Closes: 09 Mar 2022

ISCF Commercialising Quantum Technologies: Feasibility Studies Round 3

CLOSED ISCF Commercialising quantum technologies: feasibility studies round 3 UK registered organisations can apply for a share of up to £6 million for projects to advance the commercialisation of quantum technologies in the UK.

Opened: 17 Jan 2022

Closes: 09 Mar 2022

APC 20: Developing Automotive Technologies

CLOSED UK registered businesses can apply for a share of £25 million for late stage research and development projects that help accelerate the UK towards a net zero automotive future. Eligibility This competition is open to collaborations only.

Opened: 10 Jan 2022

Closes: 02 Mar 2022

Heat Pump Ready Programme: Stream 1

CLOSED The Heat Pump Ready Programme forms part of BEIS’ £1 billion Net Zero Innovation Portfolio (NZIP), which aims to accelerate the commercialisation of innovative clean energy technologies and processes through the 2020s and 2030s. 

Opened: 22 Dec 2022

Closes: 22 Feb 2022

SBRI – Climate and Environmental Risk Analytics for Resilient Finance: Phase 1

CLOSED SBRI - Climate and Environmental Risk Analytics for Resilient Finance: Phase 1 Organisations can apply for a share of up to £1.5 million inclusive of VAT, to develop solutions that integrate climate and environmental factors in the financial services industry.

Opened: 17 Jan 2022

Closes: 16 Feb 2022

Heat Pump Ready Programme: Stream 2

CLOSED  The Heat Pump Ready Programme forms part of BEIS’ £1 billion Net Zero Innovation Portfolio (NZIP), which aims to accelerate the commercialisation of innovative clean energy technologies and processes through the 2020s and 2030s. 

Opened: 22 Dec 2022

Closes: 15 Feb 2022

MyWorld Collaborative Research and Development

closed UK registered organisations can apply for a share of up to £2 million for collaborative research and development projects in creative technology.

Opens: 25 Apr 2022

Closes: 01 Jun 2022

Canada- UK Net Zero Value Chains - Transportation

open  UK registered businesses and Canadian SMEs can apply to collaborate on joint R&D projects that enable the transition to net zero for the automotive, rail, or maritime sectors.

Opens: 04 Apr 2022

Closes: 29 Jun 2022

Farming Innovation Programme: Large R&D Partnership Projects

open UK registered businesses can apply for a share of £8 million for large research and development (R&D) partnership projects.

Opens: 30 Mar 2022

Closes: 29 Jun 2022

Farming Innovation Programme - Research Starter Pilot Round 2

closed Farming, growing or forestry businesses based in England can apply for a share of up to £1 million for feasibility projects. This is an expression of interest competition.

Opens: 23 May 2022

Closes: 03 Jul 2022

UK-South Korea Collaborative R&D

OPEN Innovate UK, part of UK Research and Innovation, will invest up to £2 million in innovation projects in partnership with the Korea Institute for Advancement of Technology (KIAT).

Opened: 14 Feb 2022

Closes: 06 Jul 2022

Net Zero Hydrogen Fund - Strand 2 Capital Expenditure (CAPEX)

OPEN Strand 2 of the Net Zero Hydrogen Fund will provide capital expenditure (CAPEX) support for new low carbon hydrogen production facilities to begin deployment in the early 2020s.

Opened: 25 Apr 2022

Closes: 06 Jul 2022

Other Key Global Incentives


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