Draft legislation, announced on 21 July, signalled the government’s intention to move the basis on which the tax on trading profits of sole traders, partnerships and…
Earlier this week a colleague forwarded me an email from Innovate UK advising him of RDI funding competitions currently open. To be honest I have not read through the details of all funding competitions listed but I have sought to present the overview of each below and anyone looking for more details on a specific competition can click on the competition title to take you to the relevant GOV.UK webpage.
Anyone reading this blog will I am sure note:
- There are a lot of funding competitions currently open – most of specific themes but also there is the open competition (SMART)
- Innovate UK are a conduit for deployment of Industrial Strategy Challenge Fund monies
We are aware that Innovate UK are aiming to increase awareness of the breadth and scope of funding competitions potentially applicable to businesses across the South West and I am sure they will feature in a number of events me and my colleagues will host/ be involved in the next 12 months – starting with our Truro breakfast briefing for February.
Competitions open as at December 2019
|Funding competition title||Overview|
|UK-China: precision for enhancing agricultural productivity||UK businesses can apply for a share of up to £5 million to work with Chinese partners to develop new integrated precision farming tech and help achieve net-zero emissions.|
|Innovate UK Smart Grants: October 2019||Opportunity to apply for a share of up to £25 million to deliver ambitious or disruptive R&D innovations that can make a significant impact on the UK economy.|
|ATI programme: R&D funding for smaller business, expression of interest||UK companies can apply for a share of up to £8 million to carry out industry-led civil aerospace collaborative R&D projects.|
|Bilateral UK and US offshore wind R&D programme, EoI||Express an interest in applying for a share of up to £1.5 million from the bilateral Innovate UK and US national offshore wind programme to tackle 9 challenge areas.|
|Agri-tech catalyst round 9: agriculture and food systems innovation, mid stage||UK organisations can apply for a share of up to £5 million to work on agri-tech and food chain innovations in Africa.|
|Application of whole genome sequencing approaches to cancer||UK businesses and research organisations can apply for a share of up to £5.4 million. This is for projects involving the application of whole genome sequencing to analyse cancers.|
|Commercialising quantum technology: technology projects round 1, full stage||UK businesses can express an interest in applying for a share of up to £30 million to collaborate on quantum technology development projects.|
|ISCF Future food production systems
|Businesses can apply for a share of up to £20 million from the Industrial Strategy Challenge Fund to transform food production systems, improve productivity and sustainability, and help the industry move towards net zero emissions by 2040|
|ISCF transforming foundation industries: fast start projects||UK registered organisations can apply for a share of £5 million for fast start projects to improve the resource and energy efficiency of foundation industries.|
|ISCF smart sustainable plastic packaging: demonstrator projects, round 1||UK businesses can apply for a share of up to £12 million for practical demonstrator projects in smart and sustainable plastic packaging.|
|ISCF smart sustainable plastic packaging: feasibility studies for demonstrator||UK businesses can apply for a share of up to £700,000 to develop proposals for practical demonstrator projects in smart and sustainable plastic packaging.|
|SBRI funding competitions
SBRI supports a range of competitions with public sector organisations and departments. Find out more about SBRI: the Small Business Research Initiative
|SBRI: innovation in automated survey processing for railway structure gauging phase 1||Businesses can apply for a share of £720,000, plus VAT, to develop a demonstrator for automated railway structure gauging processing.|
|SBRI: innovation in railway platform end and edge technology||Opportunity for businesses to apply for a share of £1.08 million, plus VAT, to develop solutions to detect and deter trespass at railway platform ends and edges|
|SBRI: modernising energy data access and information, phase 1||In this first phase applicants can apply for a share of up to £480,000 for modernising energy data access. This is being funded by Innovate UK, as part of UK Research and Innovation, in collaboration with BEIS and Ofgem.|
There are also opportunities for funding through the Horizon 2020 programme which focuses on European projects in research and innovation.
R&D Tax Credits
As anyone who has read one of blogs on R&D grant funding will have noted I tend to finish the blog with a note that anyone thinking about applying for R&D grant funding should speak to one of our Innovation & Technology Tax team to better understand the interaction of the grant with R&D Tax Credits.
R&D Tax Credits will also be covered in Truro’s February breakfast briefing.
By Andrew James