UK registered businesses can apply for a share of up to £2 million for projects that grow activities in the net zero industrial cluster in South West Wales. This Minimal Financial Assistance (MFA) funding is from Innovate UK.
Programme: Innovate UK
Award: Share of up to £2 million
Opens: 30th Oct 2023
Closes: 13th Dec 2023
Innovate UK, part of UK Research and Innovation, is to invest up to £2 million in innovation projects.
The funding will support projects across the three Launchpad competition strands that target the innovation cluster in South West Wales.
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 net zero industrial innovation cluster in South West Wales, consisting of Carmarthenshire, Neath-Port Talbot, Pembrokeshire and Swansea.
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 net zero innovation for industry.
In addition, you can explore the potential for other businesses to learn from you and replicate your example.
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:
This list is not exhaustive. Where you can show your proposal fits within the scope of this competition you can focus on other themes.
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 UKare 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 South West Wales.
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.