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Grant for Research & Development
Clive GrunsellTeam Leader
What is it?
DTI Business Support Product
Replaces the former SMART Scheme
Administered by RDA’s from 1 April 2005
Aligns and supports the North West’s Regional Economic Strategy
Why ?
Address a MARKET FAILURE that can only be
addressed by public sector intervention, because it is
very difficult to secure private funding on technically
risky projects.
The grant will share the technical risk with the
applicant.
Objective
Grant for Research and Development aims to help individuals starting up businesses and SMEs already based in England carry out research and development work on technologically innovative products and processes.
By offering a grant towards the costs of carrying out the research and development work, the grant will encourage businesses to carry out projects that they would not necessarily undertake without the grant and lever in to these projects finance from reluctant private investment sources.
Budgets
National Budget £26 million per year
North West Budget £3.9 million per year
Support Available
4 levels of support are available from £20,000 to £500,000
Micro
Research
Development
Exceptional Development
Micro Projects
Helps to develop a simple low cost prototype of a new product or process which involves technological innovation or novelty (or both).
Maximum grant available £20,000
Grant rate – 50% support
Eligibility – up to 10 employees
Research Projects
Helps to access the technological and commercial feasibility of turning innovative technology into a new product or process.
Maximum grant available - £75,000
Grant rate – 60% support
Eligibility – up to 50 employees
Development Grant
Helps to develop a pre-product prototype of a new product or process involving a significant technological advance.
Maximum grant available £200,000
Grant rate – 35% support
Eligibility – up to 250 employees
Exceptional Development
Helps with the development of a new technology that is strategically important to an industrial or technology sector.
Maximum grant available £500,000
Grant rate – up to 35% support
Eligibility – 250 employees
Appraisal Process
Conduct technical assessment
Confirm Intellectual Property Rights
Consider additionality and viability
Technical Assessment
Application sent to Department for Business, Enterprise and Regulatory Reform, executive agencies as listed on NWDA website, e.g. National Engineering Laboratory
Intellectual Property
Application sent to the UK Intellectual Property Office for IPR position
Due Diligence
Application sent to in-house accountants to determine the additionality and viability case
Decision Making Process
Applicant visited – project and issues discussed
Case paper prepared
Decision by review panel
