Capability and Innovation Fund

Fund Name: Capability and Innovation Fund
Project Length:
Project Value: Dependent on pool
Deadline: 30/04/2019

Summary

The Capability and Innovation Fund will be administered by BCR and comprises a total of £425 million which is divided into four pools. These funds are held in trust at the Bank of England.

The four pools each have a distinct purpose and are divided into a number of pre-determined grants as follows.

Fund Details

Pool A

Open now

Closes- 31st December 2018

Number of grants and value of grants:

1 x £120 million

1 x £100 million

1 x £60 million

To facilitate the development of more advanced business current account offerings and ancillary products for SMEs in the UK giving preference to beneficiaries with an established business current account offering.

Pool B 

Open  now

Number of grants and value of grants:

1 x £50 million

2 x £15 million

To facilitate the modernisation of existing business current account offerings or the development of new business current accounts or ancillary product propositions for SMEs in the UK.

Pool C

Open now

Number of grants and value of grants:

4 x £10 million

To facilitate the expansion of business offerings to include, lending or payments services to SMEs in the United Kingdom or international payments services to SMEs in the United Kingdom.

Pool D 

Open Now

Number of grants and value of grants:

5 x £5 million

Closes- 30th April 2019

To facilitate the commercialisation of financial technology that is relevant to SMEs.

More Info

To understand more about this funding competition Get In Touch with the Granted team.

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