Grant for Research and Development (GRAD)
Supporting technological research and development
The Grant for Research and Development product provides grants to help businesses carry out research and development work that will lead to technologically innovative products or processes.
The £12m grant for research and development fund (which includes £5.5m specifically for low carbon innovations), provides grants to help businesses carry out research and development work that will lead to technologically innovative products or processes....
| |
Funding Available |
What for? |
% costs covered |
Employees |
| Proof of Market Grant |
£5k - £20k |
To test the commercial potential of an innovative idea for a new technology |
60% |
Less than 250 |
| Micro Grant |
£5k - £20k |
To develop a simple low cost prototype of an innovative product or process |
upto 45% |
Less than 10 |
| Research Grant |
£20k - £100k |
To investigate the technical and commercial feasibility of innovative technologies |
upto 60% |
Less than 50 |
| Development Grant |
£20k - £250k |
To develop a pre-production prototype of a new product or process that involves a technological advance |
upto 40% if less than 50 employees or 35% if 50+ |
Less than 250 |
Who is the grant for?
- Entrepreneurs and small medium sized companies (SMEs)
Why research and development grants?
- grant funding is effectively 'free' money i.e. you don't have to give up equity in your business
- you retain full control and ownership
- you can claim tax credits on R & D spend
- if you secure grant funding, we know from previous recipients that it can help you secure further investment from other sources
How to apply for GRaD:
- EEDA welcomes applications all year round
- the panel meets every fortnight to evaluate applications
- first step - fill in our quick and easy initial application
- we will confirm eligibility within three days
- For the application process map, click here
Previous Award Winners
Please see the attached document for details of companies and projects that have previously been awarded.
Application forms and supporting documentation
The Grant for Research and Development product forms part of Solutions for Business - a highly targeted, publicly funded suite of products and services offering solutions to real business needs and tackling market failure.
To find out more about Grants for Research and Development, in the first instance please contact Business Link on 08457 17 16 15
Not sure what funding you require?
Sign-up for EEDA's new 'Understanding Finance for Business' Sign up below.
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