9th April 2020
The UK Government has released £20 million of grant funding under the Innovation Funding Scheme (Innovate UK) for projects that address societal or industrial needs emerging as a result of the COVID-19 pandemic. The aim is to help boost the UK’s “resilience to the long-term impact of the coronavirus outbreak and similar situations in the future”.
Funding of up to £50,000 will be available to technology and research-focused businesses proposing solutions in areas such as: community support services; couriers and delivery; entertainment; financial services; food manufacturing and processes; hospitality; remote working; retail; sport and recreation and; transport.
Projects could include new ways of working and living, for instance:
The Government funding will be made as a “de minimis grant”. This means that any applicant who applies will need to declare any and all de minimis awards, from any source of public funding, during the current and previous two fiscal years. In order to be eligible for the funding, your project must:
In order to lead a project, your organisation or business must:
Subcontractors are allowed to be a part of the funding, with the UK Government expecting subcontractor costs to be justified and appropriate to the total eligible project costs.
Sole traders are not eligible for this funding.
Each organisation can apply for up to £50,000 (within the de minimis limits). An organisation or business can claim 100 percent of their projects costs, up to the maximum of £50,000. This funding will be paid in advance of the project start date.
The government has provided the following advice on what an application must demonstrate in order to apply for the funding:
Projects that will not be funded
The Government has advised that they will not fund proposals that:
Funding applications opened on 1 April and close at 12pm on 15 April 2020. Applicants will be notified of the outcome on 27 April 2020.
To find out more, please contact Kate Westbrook or Will Foulkes.
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