Innovation funds are grant funding programmes that offer financial backing to organisations and groups that are looking to research and develop a process, product or service, test innovative ideas and/or collaborate with other organisations.
Grants are the best kind of funding available for innovative firms. You don’t lose any equity, and you never have to pay the money back. These are provided by a variety of funding bodies such as Innovate UK to support innovative ideas and business growth, including those from the UK’s world-class research base.
If your business has a focus on innovation or you are trying to bring a new product to the market, innovation grants could be a good option to explore.
Some of these funds require you have a registered office in the UK while others might require you to be based in the EU. Funding may be more likely for businesses with multiple employees and for innovation grants those that have an original solution which uses innovative technology to solve a substantial problem will be most likely to attract funding.
Not after innovation funding? Find out more about other types of business grants you may be eligible for
Innovate UK are a governmental agency and the main channel for businesses to secure UK innovation funding. The Innovate UK Smart Grant is the government’s flagship grant programme, with £125 million to give to British businesses each year.
The Smart Grant is Innovative UK’s ‘open grant funding’ programme which seeks ‘the best game-changing and commercially viable innovative or disruptive ideas’ from almost any industry. All proposals must be business focused.
Horizon Europe is the financial instrument implementing the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe's global competitiveness. It provides research and innovation funding for multi-national collaboration projects as well as for individual researchers and supports SMEs with a special funding instrument.
At Swoop we will work to understand your business and aspirations so that we can best match your project to the most suitable grant funds. Your chance of securing grant funding improves the more precisely your project fits with the scope of the relevant grant fund.
If you need some help with your application or just some finishing touches, we will match you to the best grant writers who will use their experience to deliver and submit the grant application as well as helping negotiate due diligence and any future grant funding needs.
Our grant writers will save you hours of time and energy in writing an application that is as strong as possible while keeping in regular contact with you to update you on the application progress.
Ensure you get the maximum value out of your grant funding through continued support and advice on best use of your grant.
We work with world class partners to help us support businesses with finance