Annual Report 2016

R&D Grants 2015/16

Our suite of R&D grants is designed to add scale to businesses’ R&D investment for greater impact.

These grants are structured to meet a range of business needs, whether those businesses are young start-ups or established R&D performers.

Our grants include:

Growth Grants – These grants support evolving, multi-year R&D programmes in businesses that are experienced R&D performers.
Project Grants – These grants help businesses to develop specific products, processes or services with the aim of growing their commitment to R&D.
Student Grants – These provide businesses with access to both undergraduate and postgraduate students who can assist in R&D projects and thereby gain commercial experience.

During 2015/16 our grants included:
Growth Grants Our Growth Grants cover 20% of a business’s R&D costs, up to $5 million a year, and are available to businesses that invest over 1.5% of turnover in R&D. In the past year we approved 51 Growth Grants for a total contract value of $85,853,820.
Project Grants Project Grants can cover up to 40% of R&D costs and are awarded primarily to firms undertaking research for the first time. In 2015/16 we approved 218 Project Grants, at an average of 40% cover1, for a total contract value of $22,755,950.
Student Grants These grants help businesses to access undergraduate and postgraduate students who can assist with R&D projects. In the past year we supported businesses by approving 177 Student Grants, for a total contract value of $4,171,667.

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Updated: 22 September 2016