East Midlands-based business consultancy TBAT Innovation helped clients across the UK to secure £20 million grant funding in the past twelve months. This represents an overall application success rate for the consultancy team and its clients of 86%. Clients are located between the Isle of Wight and Aberdeen, and span a variety of industry sectors including health, transport, energy and engineering. The TBAT team of advisers will be on hand at Stand D88 at the Aero Engineering Show 2014 to advise visitors on all aspects of grant funding for research and development.
Lindhurst Engineering, based just outside Nottingham received grant funding through the Energy Entrepreneurs Fund (EEF) scheme run by the Department of Energy and Climate Change (DECC). The project focused on the development of a new microbial fuel cell system for turning waste food and drink products into energy, heating and fuel. Martin Rigley, Director at Lindhurst Engineering, commented: “TBAT were essential in assisting the company to progress a new concept into a successful grant application. This in turn decreased the time to market and development risks associated with a new product. Applications of this size are extremely complex and the company has neither the time nor expertise to complete thoroughly.” The project was awarded just over £400,000 in grant funding support.
The grant funding raised by TBAT is a combination of UK government Innovate UK (formally the Technology Strategy Board) Smart and collaborative R&D grants plus regional grant funding schemes through the Regional Growth Fund (RGF). Smart grants are available throughout the UK and are only applicable to small and medium-sized companies engaging in an innovative research and development project. Funding of up to £250,000 is available. Collaborative R&D projects are available in varying amounts through the Technology Strategy Board to small and large companies focused on a specific technology area.
Matt Symonds, director at TBAT Innovation says: “Selection for grant funding is rigorous so we are required to present the business case for each client in some detail. It is encouraging to see some excellent projects funded in this way, especially when they lead to new products and jobs.”
To find out if your project is eligible for grant funding, contact Matt Symonds at TBAT on 01332 819740 or email@example.com
Read our guide to a successful Innovate UK Grant Application, addressing the key areas and questions, with a few top tips along the way!
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