The Technology Strategy Board offers grant funding for SME R&D projects.
There are three areas of assitance available, depending on the stage of the investment:
- Proof of Market Grant – up to £25,000 at 60% intervention rate
- Proof of Concept Grant – up to £100,000 at 60% intervention rate
- Development of Prototype Grant – up to £250,000 with an intervention rate between 35-45%
For further details on each of the above, click here
Soapstone offers a practiale approach help our clients to define their project when completing an application to the scheme and supports throughout the process.
Applications are considered in batches with the following deadlines:
2012 July 19th, September 27th and November 29th
2013 January 24th, March 21st
The SMART Grant Scheme is only open to SME’s. This means that (at Group level) the business needs to fit into one of the following categories.:
|Company category||Employees||Turnover||or||Balance sheet total|
|Medium-sized||< 250||≤ € 50 m||≤ € 43 m|
|Small||< 50||≤ € 10 m||≤ € 10 m|
|Micro||< 10||≤ € 2 m||≤ € 2 m|
For more information on SME definitions click here