Fewer Grants, Bigger Bets. How UKRI’s New Direction Affects SME Innovation Funding

UK research and innovation funding is entering a period of significant change. UK Research and Innovation, which invests around £8 billion a year, has confirmed it will pause and reshape parts of its funding while moving to a more focused investment model. For UK SMEs interested in R&D funding, this shift brings both challenges and … Read more

New Year Purchasing Equipment for Business Grants Funding Round-up

Introduction According to the latest National Business Confidence Monitor by the Institute of Chartered Accountants in England and Wales (ICAEW) in January 2026, capital investment increased across all sectors by 2.0% (quarter on quarter) in Q4 2025, which was up slightly from 1.8% in Q3. However, due to business borrowing costs forecast to remain at … Read more

Post-UKSPF: Transitioning to the New Local Growth Framework

The conclusion of the UK Shared Prosperity Fund in March 2026 marks a pivotal shift in the landscape of regional economic development, as the government moves toward a funding model that prioritizes long-term capital investment over the revenue-based support services that many businesses currently rely upon. This transition is centered around the introduction of the … Read more

Innovate UK Grants: AI Reshapes Applications

Innovate UK is undergoing a significant transformation in its approach to funding, directly impacting UK SMEs seeking innovation grants. From January 2025, the popular Smart Grants programme has been paused to allow for the development of more tailored support mechanisms. A new pilot programme is anticipated to launch in Spring 2025, specifically designed to assist … Read more

What Are The Latest Innovation Funding Schemes For UK Businesses?

Introduction  According to the 2025 Innovation Barometer by Ayming, a London based innovation funding consultancy specialist, UK businesses surveyed are requesting that the Government provides further targeted support to drive innovation and growth as a lack of funding is holding back research and development (R&D) activities.  Currently, only 39% of UK businesses surveyed were able … Read more

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