Is your company incorporated?
Your company must be incorporated in order to be eligible to apply for and receive grant funding from R&D funding bodies. In the UK this is mainly Limited Company’s with a Company Number registered on Companies House. You can create a new company or apply from an established company. A trading history is not a pre-requisite for most R&D grant funding, but demonstrable sustainability is required to draw down funding. This could be from revenues, investment or loans.
Granted recently hosted an event which featured a talk from the Centre Director of Bristol SETsquared who informed us of the latest Scale-Up Programme. The Scale-Up Programme provides a tailored support programme, including access to funded R&D projects with the 5 universities investment, sales channels and talent acquisition.
SETsquared Partnership is a collaboration between the universities of Bath, Bristol, Exeter, Southampton and Surrey, assisting growing businesses in navigating the challenges of growth.
With the last few months being one of the busiest times for Granted, we are broadening our capabilities by adding two new members of staff to our ever-growing team of highly skilled Grant Funding Consultants.
Providing us with a unique blend of skills and experience we would like to introduce Loise Teigao and Anna Davey-Mitchell.
“The world will need 60 per cent more food by 2050 to allow us to feed 9 billion people, and demand for water is expected to rise by 20 per cent in the agriculture sector alone. For this to be possible, the way we produce our food needs to be significantly more efficient and sustainable. Using precision technologies we can make that a reality: transform food production while reducing emissions, pollution, waste and soil erosion. Putting the UK at the forefront of this global revolution in farming will also deliver benefits to farmers, the environment and consumers, as well as creating growth, jobs and exports.” (Innovate UK)
Technology Readiness Level was originally created by NASA to assess whether their emerging technology was suitable for space exploration. Nowadays this approach is used over a variety of different industries to understand the maturity of a technology and assess whether it’s ready for use in the “real world”.
“The way we create our buildings has not changed substantially in 40 years and needs a drastic overhaul if it is to deliver the buildings that the UK needs. Construction is currently expensive, and too many buildings waste energy. We need to transform construction so that we can create affordable places to live and work that are, safer, healthier and use less energy. By taking a lead in the UK, we can also increase our ability to export: global demand for efficient buildings is rising rapidly, due to the pressures of urbanisation, affordability, and the need to cut emissions.” (Innovate UK)
As one of Granted’s successful clients, New Wave Marine secured funding from Plymouth and the South West Peninsula City Deal which provided them with £60,550 of grant funding to expand their local business to offer services in the export market.
“Services account for almost 80 percent of the UK economy. As technologies like artificial intelligence and data analytics become ubiquitous, we need to ensure the UK service sectors are primed. Pioneer funding will help service industries to identify how the application of these technologies can transform their operations. This will help to put UK service industries at the forefront of developing and using innovation.” (Innovate UK)
The Granted Team have been working with a range of exceptional clients since the beginning of 2018 and have managed to successfully secure £1M of grant funding this June alone. Covering multiple sectors, we’ve helped companies at the forefront of innovation through the process of achieving a successful grant application, including funding for Health & Life Sciences (Innovate UK), Emerging & Enabling Technologies (Innovate UK) and RDPE (Rural Development Programme for England).