MMP Tax Ltd - R&D Tax Relief, RDEC, RDA, Patent Box & VGTR
R&D Grants

Research and development grants

UK grant funding for R&D projects now comes primarily from the UK Technology Strategy Board ( Innovate UK) which runs various schemes that offer funding to SMEs to engage in R&D projects in strategically important areas of science, engineering and technology.

For instance, the Smart scheme supports R&D projects in proof of market, proof of concept, and prototype development stages. Various amounts of funding are available depending on the nature and length of the project, up to a maximum of £250k, and an absolute maximum of 60% of the total project cost can be funded.

There are also numerous other schemes – such as the Collaborative R&D Programme – which may be of interest to your company.

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