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Grant for Research & Development

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

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  1. Grant for Research & Development Clive GrunsellTeam Leader

  2. 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

  3. 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.

  4. 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.

  5. Budgets • National Budget £26 million per year • North West Budget £3.9 million per year

  6. Support Available 4 levels of support are available from £20,000 to £500,000 • Micro • Research • Development • Exceptional Development

  7. 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

  8. 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

  9. 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

  10. 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

  11. Appraisal Process • Conduct technical assessment • Confirm Intellectual Property Rights • Consider additionality and viability

  12. Technical Assessment • Application sent to Department for Business, Enterprise and Regulatory Reform, executive agencies as listed on NWDA website, e.g. National Engineering Laboratory

  13. Intellectual Property • Application sent to the UK Intellectual Property Office for IPR position

  14. Due Diligence • Application sent to in-house accountants to determine the additionality and viability case

  15. Decision Making Process • Applicant visited – project and issues discussed • Case paper prepared • Decision by review panel

  16. Further Details www.nwda.co.uk Clive Grunsell 01925 400468 Clive.Grunsell@nwda.co.uk

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