Innovate UK have allocated up to £7million to fund innovation projects in this competition. The competition will award grants from £200,000 to £4million per project.
If your organisation’s work on the project is mostly commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically.
This competition awards funding up to the grant limit.
To ensure the granted limit is not exceeded by your application, you may need to reduce the amount you request to below the usual limits.
For industrial research projects, 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
For experimental development projects which are nearer to market, you could get funding for your eligible project costs of:
- Up to 45% if you are a micro or small organisation
- Up to 35% if you are a medium-sized organisation
- Up to 25% 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.
The research organisations undertaking non-economic activity as part of the project can share up to 30% 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.
Capital equipment costs
The purchase of capital equipment is not an eligible project cost for projects undertaking Industrial Research.
However, applications for Experimental Development projects undertaking a large-scale commercial demonstration of an idea can include the purchase of capital equipment costs as an eligible project cost.
The inclusion of capital equipment costs is optional, not a requirement. Applications that include capital costs will be assessed in the same way as those that do not.
You must include a breakdown of any capital equipment costs for your project.
Projects must be able to demonstrate that their innovative concept will lead to improved packaging recycling or re-use, compared to existing re-use and recycling concepts of the same capacity. These include types which may otherwise be constructed without the grant, should an existing competitive concept exist.
Applications can include capital usage as an eligible project cost for capital equipment that you already own or new equipment where you do not wish to claim capital purchase.
Your total grant funding for capital equipment costs must not exceed:
- 45% if you are a micro or small organisation
- 35% if you are a medium-sized organisation
- 25% if you are a large organisation
Any capital equipment funded by the grant disposed of during the project term, must be reported to Innovate UK. Any revenue generated by the disposal will be offset against the project costs.
Innovate UK are not funding projects which:
- Are detrimental to the environment compared with existing solutions
- Encourage or facilitate the export of plastic packaging whilst still classified as waste
- Are primarily concerned with the production of any kind of fuel or direct energy generation from plastic waste
- Develop materials or packaging which will not have commercially available and viable UK recycling (or appropriate organic waste treatment) infrastructure in place by 2025
- Relate to the recycling of polyvinyl chloride (PVC) or polystyrene, including expanded polystyrene (EPS) and high impact polystyrene (HIPS)
- Do not focus on packaging for consumer products
- Are dependent on export performance – for example giving a subsidy to a baker on the condition that they export a certain quantity of bread to another country
- Are dependent on domestic inputs usage– for example, if it was insisted that a baker use 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.