UK Government Innovation Grants? Is it worth it?
During lockdown, the UK Government awarded over £130m of grant funding for Research and Development (R&D) activity to innovative businesses and their collaborators in the United Kingdom. The awardees were from multiple sectors including creative, engineering, digital health, education and sustainable energy.
With the Government relying heavily on UK innovators to reverse the Covid-19 downturn, vast sums of R&D grant funding are now in the pipeline for open competitions in late 2020 and early 2021. This means a substantial opportunity awaits innovative businesses of all stages that are willing to engage with the grant funding process.