The Funding Blog

What is AI?

Artificial intelligence (AI) is the theory, and associated development, of computer systems able to perform tasks normally requiring human intelligence. AI-enabled devices and machines are environment aware and perform tasks in order to achieve a goal, based on probability, code, and rational ‘thinking’. AI is able to mimic cognitive functions associated with human abilities such as visual perception, speech recognition, decision-making, and translation between languages. Read More

The importance of ensuring your project reporting is managed correctly.

You’ve made it through the due diligence stage and the project is pending kick-off, but what is the best way to ensure that you remain compliant with Innovate UK’s reporting requirements and also put your company in a good position to secure follow-on grant funding? Read More

Introduction

The UK is set to host the critical United Nations climate change summit in 2021, has been one of the leading innovators in contributing to industrial decarbonisation, renewable energy and low carbon manufacturing. These industries are currently valued at £42.6bn forecast to grow at three times the rate of the national average for industry.
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Innovate UK has recently launched its Innovation Continuity support package for existing award holders with current projects. The Continuity package forms a key part of the overall £1.25bn in COVID-19 funding announced by the UK Government in late April. Read More

Chancellor, Rishi Sunak, announced a new £1.25 billion coronavirus package to protect and support firms driving innovation in the UK.

Chancellor of the Exchequer Rishi Sunak said:

“Britain is a global leader when it comes to innovation. Our start-ups and businesses driving research and development are one of our great economic strengths, and will help power our growth out of the coronavirus crisis. Read More

A benefit of this strange situation we find ourselves in is that we have gained back time which would otherwise be filled with commuting to work or rushing to take the kids to school. This newfound time provides an opportunity to think about innovative creativity and business strategies that will achieve desired business growth goals. Grant funding is a route that can significantly aid in achieving these goals.

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The Health and Life Sciences sector has seen a serious focus in the last few weeks as a result of the ongoing Covid19 pandemic that is sweeping through the UK and the wider world. The sector is now figuring out how best to continue to work and critically examining what can be done remotely and what needs to be kept running on site. Pharmaceutical companies are conducting risk analysis on their critical supply chains to see how they can be maintained, to allow them to continue manufacturing crucial drugs and hospital equipment whilst non-health organisations, such as beer brewing companies and conference centres are volunteering their skills and resources. Read More

Already heavily influenced by Brexit and the dynamics of a new Government and Chancellor keen to make a dramatic statement, many will feel that last week’s budget has been totally superseded by the extraordinary national and global response to the rapidly evolving Covid-19 pandemic.

However, whilst we are far from a “business-as-usual” environment, the budget does give a clear indication of how this Government intends to support UK R&D.  Read More

With both Christmas and 2019’s December General Election now seeming like a distant memory, Granted Consultancy have taken a deeper look at the implications of the election.

We have reviewed the commitments made within the Conservative Party’s manifesto and the Queen’s speech, presenting our key findings and their impact on innovation and the UK’s grant funding landscape below. Read More

What is RDEC?

RDEC (research and development expenditure credit) is a UK government tax incentive designed to support innovative companies for investing in research and development (R&D). It is primarily used by large companies and by SMEs in some circumstances, such as if they’re been awarded grant funding.

One of the benefits of RDEC claims is that they can be accounted for above-the-line in your income statement (also known as your profit-and-loss account), providing a positive impact on visible profitability in your accounts. This visibility has a positive impact on R&D investment decisions. Read More

At Granted we are lucky to work with some of the most innovative and ambitious start-up/scale up businesses in the world. Every day we are exposed to new technologies, innovative business models and the people behind them.

We work with a variety of companies across different funding competitions and it is a delight when we can form long term working relationships with our clients. Read More

ISFC Overview

The Industrial Strategy Challenge Fund aims to bring together the UK’s world-leading research with business to meet the major industrial and societal challenges of our time. The Industrial Strategy Challenge Fund provides funding and support to UK businesses and researchers. The fund is part of the UK government’s £4.7 billion increase in research and development over 4 years to 2021. It is designed to ensure that research and innovation take centre stage in the government’s Industrial Strategy. Read More

SMART is Innovate UK’s flagship fund. UK businesses can apply for a share of up to £20 million per call to deliver game-changing or disruptive innovations with significant potential for impact on the UK economy.

The latest SMART grant round of funding has been released with a deadline for the 24th of July and has also increased to a share of up to £25 million. Read More

To kick start Granted Consultancy’s 10-year celebration, we have recently released a new service to further support innovative companies in their journey to successfully securing grant funding.

Our comprehensive training programme provides a range of Grant Funding Training options that are flexible to the needs of your organisation and will add real value (skills, knowledge and confidence) to your team. Read More

In 2018, Innovate UK released 5 Innovation Loan competitions. Granted supported multiple companies throughout the application process and has developed a breadth of knowledge from advising these companies on all aspects of securing the innovation loan.

The innovation loan has huge benefits and Innovate UK are set to release a number of competitions throughout 2019, but, are there any implications to claiming R&D tax credits if you secure the Innovate UK Loan? Read More