What is the Rural England Prosperity Fund? The Rural England Prosperity Fund is a complementary funding pot to the UK Shared Prosperity Fund that was launched by the last UK Government as part of their Levelling Up agenda. A total of £110m in funding has been made available across financial years 2023/2024 and 2024/2025 in … Read more
Refresher – What is the UK Shared Prosperity Fund? The UK Shared Prosperity Fund is a central pillar of the former Conservative Government’s Levelling Up agenda and aims to provide £2.6 billion of funding for investment within local authority areas by March 2025. The fund aims to improve pride in place and increase life chances … Read more
What Is The Growth Guarantee Scheme? The Growth Guarantee Scheme is the direct successor to the Recovery Loan Scheme from the British Business Bank and is designed to support smaller UK businesses looking to invest and grow. The funding provides a series of accredited lenders, such as banks and financial institutes with a 70% government-backed … Read more
Innovate UK has recently rebranded its highly successful Small Business Research Initiative (SBRI) to Innovate UK Contracts for Innovation as part of a drive to include even more businesses of all sizes to participate and apply for funding. What are Innovate UK Contracts for Innovation? Public sector organisations who are looking to address a specific … Read more
What is the UK Shared Prosperity Fund? The UK Shared Prosperity Fund is a £2.6 billion funding pot issued by the UK Government covering a funding period between April 2022 and March 2025. The main goal for this domestic fund is for it to help carry out Levelling Up activities across the UK. The funding … Read more
After a period of uncertainty post-Brexit, the UK has secured its association with the Horizon Europe programme, the European Union’s flagship research and innovation funding scheme. This means UK researchers and businesses are now eligible to apply for a share of the €95.5 billion (£82 billion) budget allocated across work programmes for 2021-2027 dedicated to … Read more
The United Kingdom has a long and proud history of pioneering inventions and ideas, from the steam engine to the world wide web. However, in a world marked by rapid change, maintaining this edge requires ongoing innovation. This is where Innovate UK, the government’s dedicated agency, plays a crucial role. Innovate UK’s Mission: Driving Economic … Read more
In the third and final part of this 3-part blog we look at grant funding amounts, Innovate UK sectors and the types of businesses for projects started in 2021. How much funding are businesses getting? Projects that received funding of between £100,000 to £250,000 were the most common at 31.2% of the total in 2021. … Read more
In the second part of this 3-part blog we look at regional funding picture for projects started in 2021. Which regions are getting the most or least funding? London, the South East and East of England were the top three funded regions in 2021 with 572, 509 and 314 projects respectively. London and the South … Read more
The government announced a 66% funding increase in core Innovate UK programmes to £1.1 billion in 2024-2025 so it’s important to know if your type of business and the innovation project you are thinking of typically get Innovate UK funding. Innovate UK’s 5 year plan which covers the years 2021 to 2025, has the future … Read more
