Defra and UKRI’s Transforming Food Production Challenge have allocated up to £1million to fund innovation projects in this competition.
Your full project cost information will only be required at the full application stage.
At the full stage if the majority of your organisation’s work on the project is commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically.
For feasibility studies you could get funding for your eligible project costs of:
- Up to 70% if you are a micro or small organisation
- Up to 60% if you are a medium-sized organisation
- Up to 50% if you are a large organisation
If you are applying for an award funded under State aid Regulations, the definitions are set out in the European Commission Recommendation of 6 May 2003.
For the full stage, research organisations undertaking non-economic activity as part of the project can share up to 60% of the total eligible project costs. If your consortium contains more than one research organisation undertaking non-economic activity, this maximum is shared between them.
Of that 60%, you could get funding for your eligible project costs of up to:
- 80% of full economic costs (FEC) if you are a Je-s registered institution such as an academic
- 100% of your eligible project costs if you are an RTO, charity, non-profit organisation, public sector organisation or research organisation
Innovate UK are not funding projects that are:
- Equine specific
- Wild caught fisheries
- Aquaculture, including algae and seaweed production
- Cellular or acellular production systems, fermentation systems for bacteria, yeast or fungi
- Projects that do not benefit farmers, growers or foresters in England
- Dependent on export performance – for example giving a subsidy to a baker on the condition that it exports a certain quantity of bread to another country
- Dependent on domestic inputs usage – for example giving a subsidy to a baker on the condition that it uses 50% UK flour in their product
Cresco Innovation works with companies to develop and implement innovation strategies. We help client companies identify opportunities to develop new products and services, and then create a package of support to ensure that the idea is turned into a commercial reality.
Our services include securing grants (as a team we have raised around £40million over three years), business planning, IP advice, access to finance and funders, project management and IP commercialisation support.
We regularly act as the interface with the funding bodies and help clients ensure that their projects are properly managed to ensure the best outcome for all.