Smart Grants & Business Funding
Smart Grants are so important to UK Small and Medium Enterprises (SME) that they get their own page in our Grants section.
Smart grant competitions are run quarterly and allow any UK registered organisation to apply for a share of up to £25 million for game-changing and commercially viable research and development (R&D) innovation that can significantly impact the UK economy.
They are open to single applicants and collaborations. However, to lead a project your organisation must:
- be a UK registered business or a UK registered research and technology organization
- be or involve at least one micro, small or medium-sized enterprisec
- carry out all your R&D project activity in the UK
- intend to commercially exploit the project results from the UK
The closing date for entries are generally the middle of January, April, July and October, so even if you’ve just missed a deadline, you won’t have long to wait.
A significant number of our R&D Tax Relief customers are already benefitting from SMART grant funding that they have received. If you are interested in a funding opportunity, contact us to discuss your project.
Smart Grants FAQs
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How do I win with my Smart Grant application?
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How much funding can I apply for in my Smart Grant?
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Will my Smart Grant cover all of my costs?
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When should we apply for a Smart Grant?
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I know it’s a competition but what happens if we don’t win?
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Who are Innovate UK?
Book a FREE 15 Minute Call
We’ve found that an initial 15-minute phone call is normally sufficient for us to determine whether there is some potential in a project. Choose a date and time to schedule in your free, no obligation call with our experts.
BOOK A FREE CONSULTATIONClient Testimonials
We saved £64k with R&D tax relief. Simon is brilliant. He scores 10 out of 10!
You really need a specialist for R&D tax relief. Simon saved us £140k+
You really need a specialist for R&D tax relief. Simon saved us £140k+
As a start-up with a unique mobile app, saving £8k+ in tax is a big deal.
Does my Business Qualify?
The simplest definition of R&D is when a company looks for an advance in science or technology. This is deliberately broad and it means it can be interpreted to include the development of physical technologies as well as software.
In order to get R&D tax relief for a technology project, you will need to show in your claim that your company looked for an advance, had to overcome an uncertainty, took steps to overcome this uncertainty, and that this work couldn’t have been achieved easily by someone in your industry.
It only takes 15 minutes to find out if you are eligible for R&D Tax Credits – why not book in a call today?
Grant Funding Blog
HMRC are now batting 0 for 5 in their Sub/Sub First Tier Tribunal cases
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30 September – Massive deadline for R&D Tax Relief Claimants
In the last 2 years, there have been some massive changes to R&D Tax Relief. One of them has a looming deadline for around 30% (I’m guessing, but it’s an…
SME v RDEC: What are the differences?
“There is far more that unites us, than divides us” is a phrase that you might often here in politics. It is the same when it comes to claims for…
Are you worried about your R&D Tax Credits Claim?
Since the start of the year, the R&D Tax Credits industry has been shaken to its core by a significant increase in the number of enquiries being opened by HMRC…