UK registered businesses can apply for a share of up to £2 million for projects that grow activities in the marine and maritime cluster in the Great South West. This Minimal Financial Assistance (MFA) funding is from Innovate UK.
Programme: Innovate UK
Award: Share of up to £2 million
Opens: 23rd Oct 2023
Closes: 6th Dec 2023
The projects will contribute to the Great South West’s ambitions for net zero targets and support for key regional strategic marine and maritime markets.
Your proposal must align to the scope criteria for this competition.
This competition is split into three strands:
It is your responsibility to ensure you submit your application to the correct strand for your project. You will not be able to transfer your application and it will not be sent for assessment if it is out of scope.
The aim of this competition is to support outstanding innovation projects led by businesses. Your business must be active or growing work activities in the marine and maritime innovation cluster in the Great South West, defined as Cornwall and Isles of Scilly, Devon, Somerset and Dorset.
The geographical requirement is set to align this competition to the Government’s goals in the Levelling Up White Paper.
Your project must focus on one or more of the following:
Your project must lead to increased investment into research and innovation. It must contribute to growing business activities and economic impact in the cluster.
Your proposal must explain how your team and project will contribute to equality, diversity and inclusivity (EDI) in the cluster.
Your project can focus on one or more of the following:
Your project must:
Projects must always start on the first of the month and this must be stated within your application. Your project start date will be reflected in your grant offer letter if you are successful.
You must only include eligible project costs in your application.
Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian and Belarusian entity as lead, partner or subcontractor. This includes any goods or services originating from a Russian and Belarusian source.
To lead a project your organisation must:
More information on the different types of organisation can be found in our Funding rules.
Subcontractors are allowed in this competition. Their contribution must add to the innovation led growth of the cluster.
Subcontractors can be from anywhere in the UK and you must select them through your usual procurement process.
Innovate UK expect all subcontractor costs to be justified and appropriate to the total eligible project costs.
A business can lead on only one MFA strand application for this competition.
If you apply to the CR&D strand of this competition, as well as this MFA strand, each project must be clearly distinctive and separate. We will monitor closely for this separation if you are awarded funding in both competition strands.
You can use a previously submitted application to apply for this competition.
Innovate UK are not funding projects that:
Innovate UK cannot fund projects that:
Up to £2 million has been allocated to fund innovation projects across the three strands of this Launchpad competition for the Great South West.
The total funding available for this Launchpad competition can change. The funders have the right to:
Your total project costs will be funded at up to 100%, to the maximum grant of £100,000. Your project cost can be higher than your grant funding request. The total grant funding request detailed within your application must not exceed £100,000. If your grant funding request exceeds £100,000 then your application will be made ineligible.
Book an appointment to speak to one of our advisors to discuss your eligibility to apply for this Grant Funding opportunity.