Grant Funding for Innovation Projects
Turn your next innovation project into reality with the right grant funding behind it.
Grant funding can help reduce the financial risk of developing new products, processes and technologies, without giving up equity. We help innovative businesses identify the right opportunities, assess whether their project is a good fit and build compelling applications.
Grant funding expertise, built around your project
Finding a funding opportunity is only the beginning. The right grant needs to fit your business, your project and where you’re up to in the development process.
Our specialists work alongside your team to understand what you’re seeking to develop, the challenge you’re solving and why the project matters.
From there, we can help shape the project, define objectives and work packages, build the financial case and develop your grant funding application through to submission and any assessment stages that follow.
What can grant funding support?
Grant funding can support defined innovation projects at different stages of development. Whatever the process involves, we can support your team at every step, including:
Feasibility and proof of concept
Funding opportunities can support early-stage development, helping you explore the technical and commercial feasibility of an innovative idea.
Prototyping and development
Grant funding can support projects focused on developing and testing new or significantly improved products, processes and technologies.
Future R&D projects
We can help identify funding opportunities that align with your upcoming innovation activity and wider R&D plans.
From funding opportunity to successful application
Our approach combines grant funding expertise with an understanding of the technical and commercial detail behind your innovation.
Identify
We identify relevant grant funding opportunities based on your business, technology, sector and project timeline.
Assess
We review eligibility, project scope, development stage and collaboration requirements before you commit significant time to an application.
Shape
We turn your technical idea into a clearly defined project, with objectives, work packages and a strong innovation and commercial case.
Submit
We develop and review your grant application, prepare the project financials and manage submission requirements, deadlines and supporting information.
Grant funding alongside R&D Tax Relief
Grant funding can form part of a wider R&D and innovation strategy.
If you’re already claiming R&D Tax Relief, that doesn’t necessarily mean grant funding is off the table. How the two interact can depend on the funding and your circumstances, so we can help you understand how potential grant funding fits alongside your wider R&D plans and the relevant requirements.
Why work with randd?
Grant applications require more than finding an open competition.
You need to demonstrate a clear innovation, a defined project, a credible delivery plan and a compelling reason for the funding.
Our technical expertise means we can work alongside your team to understand the detail behind the project and turn it into a clear, structured application.
From identifying the right opportunity to developing your application, we’re there to support your team throughout the process.
The right opportunity. The right project. The right application.
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Nick Lathe
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“randd did exactly what they said they would, they helped us identify costs in our business which qualify as R&D. Excellent service would recommend to any business.”
David
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Shane Younger
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“Brilliant support in terms of both technical and accounting gives the confidence and trust in the R&D tax credit claims process. Jason Branigan has supported us across two companies and two years, both of which were conducted efficiently, productively, and accurately.”
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“randd’s work has enabled us to launch sister companies which are now thriving.”
Chris Cox
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Oliver Vlatchev
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“From the very start of engaging with randd I’ve found them incredibly supportive and professional. When our claim came up for a random review with HMRC, that’s when randd and their team were super impressive.”
Allan Poole
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“Thoroughly professional organisation and excellent partner for R&D reporting. LMA Services has used randd for several years and with the increased requirements of HMRC, we are reassured in using such a professional organisation.”
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Have an innovation project in mind?
Find out whether there could be grant funding to help make it happen.
We’ll start by understanding your project, where you are in the development process and what you’re looking to achieve. From there, we can identify relevant opportunities and help you understand the next steps.
Grant funding FAQs
What types of businesses can apply for grant funding?
Grant funding is available to businesses of different sizes and at different stages of growth, although eligibility will depend on the specific funding opportunity.
Requirements can relate to factors such as your business size, sector, location, project stage, technology readiness level, and whether the funding opportunity requires collaboration with other organisations. We can help assess which opportunities are relevant before you invest significant time in an application.
What makes a project suitable for grant funding?
The requirements vary between funding opportunities, but projects will typically need a clearly defined innovation, technical challenge and development plan.
Funders may also take other things into account, such as the commercial opportunity, potential impact of the project, your ability to deliver it and why grant funding is needed. We can assess your project against the relevant criteria and help identify where there could be a strong fit.
What does grant application support include?
Our support can cover the process from assessing an opportunity and shaping your project through to developing the application, preparing project financials and managing submission requirements. We can also help your team prepare for what comes next if there are further assessment stages after your submission.
How long does a grant funding application take?
This depends on the funding opportunity and complexity of the project. Each competition will have its own application process, requirements and deadline.
Starting early gives you more time to assess the opportunity in depth, develop the project and build the technical, commercial and financial information needed to build a clear, well-supported application.
How do I find the right grant funding opportunities for my business?
With different funding opportunities opening and closing throughout the year, finding one that genuinely fits your project can take time.
Our experts can help you identify relevant grant funding opportunities and focus your time on those that are worth pursuing.
Can I receive grant funding and claim R&D Tax Relief?
Yes. While receiving grant funding doesn’t automatically prevent a business from claiming R&D Tax Relief, the interaction between the two depends on the funding, your circumstances and the relevant R&D Tax Relief rules.
If you’re considering grant funding alongside an existing or future R&D Tax Relief claim, we can help you understand how the two could fit within your wider innovation strategy.
Learn more about Innovation, Patents & R&D
R&D Tax Credits explained
Innovation Funding Options
