Innovation and Resilience Fund
£2.5k - £200k
Applicants can apply for up to £20,000 per individual business. The minimum funding request is £2,500.
All applicants must commit to match-fund at least 50% of the total project cost. For example, if the total project cost is £30,000, the applicant can apply for up to £15,000 from the IRF2 scheme.
Applicants must apply under one of the three funding pathways, with funding available for the following types of projects:
Applicants cannot use the funding to cover salaries or lost income, to cover normal operational costs such as rent, utility bills, etc or to cover the cost of any goods or services already purchased.
All IRF2 projects must have a transformational impact on the business. A project is considered to be transformational if it can achieve either of the following:
Businesses applying under the Net Zero Innovation pathway can submit a collaborative bid with an education provider or other public sector organisation.
Further information regarding collaborative bids can be found in the Policy.
To be eligible to apply, applicants must: