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Grant for Research & Development. Clive Grunsell Team 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 ?.

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grant for research development

Grant for Research & Development

Clive GrunsellTeam Leader

what is it
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
slide3
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
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
Budgets
  • National Budget £26 million per year
  • North West Budget £3.9 million per year
support available
Support Available

4 levels of support are available from £20,000 to £500,000

  • Micro
  • Research
  • Development
  • Exceptional Development
micro projects
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
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
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
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
Appraisal Process
  • Conduct technical assessment
  • Confirm Intellectual Property Rights
  • Consider additionality and viability
technical assessment
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
Intellectual Property
  • Application sent to the UK Intellectual Property Office for IPR position
due diligence
Due Diligence
  • Application sent to in-house accountants to determine the additionality and viability case
decision making process
Decision Making Process
  • Applicant visited – project and issues discussed
  • Case paper prepared
  • Decision by review panel
further details
Further Details

www.nwda.co.uk

Clive Grunsell

01925 400468

Clive.Grunsell@nwda.co.uk