Collaborative R&D

Framework Seven Programme (FP7)

Funding available: Up to 50% of the cost of the R&D undertaking, drawing on a total budget of ?50,521 billion, with a yearly average of ?7 billion. The separate Euratom project and non-nuclear research activities of the Joint Research Centre (JRC), have separate budget allocations. Additionally, there are opportunities to be part of a pan-European consortia sharing knowledge, skills and expertise, gain access to new business markets and become involved in ambitious, leading-edge projects.
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The Technology Strategy Board (TSB)

Funding available: The TSB hosts regular competitions to fund collaborative R&D projects from a range of technology and application areas and provides varying levels of funding from large projects to smaller projects, which can be approved within faster timescales. Between 2004 and June 2007 a portfolio of over 600 projects was being supported with a combined business and Government investment in excess of £1 billion.
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Carbon Trust

Funding available: Carbon Trust Investments offers two funding streams:-

• Low Carbon Seed Fund - Typically up to £500k as an equity stake alongside other commercial investors on a like for like basis in UK-based, clean energy companies typically seeking to raise up to £1m. The total investment of transactions will typically be between £500K and £1.5m.
• Clean Energy Fund - Typically between £250k and £3m for any given business, with an average transaction size between £500k and £10m - Carbon Trust Investments only covers up to 50 per cent of the funding required for any one transaction, therefore other private investors must be identified for the remainder.

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EU and Innovation Funding Support

SMEs that would like help understanding and fully appreciating the benefits of applying for European or national R&D funding to develop and support their business growth potential could find EEDA's EU and Innovation Funding Support Service very useful.

Our dedicated team of innovation and grant funding specialists are on hand to help.

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