Callaghan Innovation

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NOTE: This grant is being replaced by the R&D tax incentive. The final date for new Growth Grant applications is 12 noon on 20 December.

(On 3 October 2018, the Government announced the final design of the R&D tax incentive following extensive consultation with the innovation sector and businesses throughout the country. Read more… )

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How can the grant help me?

The Growth Grant is designed to help you:

• Add scale to your R&D investment for greater market impact
• Be flexible by allowing you to adapt to where you want to take your R&D programme, outside the constraints of traditional R&D grant criteria
• Continue to grow your investment in R&D for maximum return

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How does it work?

Your business will:

• Receive 20% of your eligible R&D expenditure, up to $5m per annum

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Who can apply?

To apply for a Growth Grant, your business must be one of the following:

• Registered under the Companies Act.
• Registered under the Limited Partnerships Act.
• A Māori incorporation or trust established under the Te Ture Whenua Māori Act, a trust set up to manage assets as part of a Treaty of Waitangi settlement, a Māori statutory body, or a business controlled by one or more of these entities.

To qualify, your business must also:

• Have spent at least $300,000 per annum and 1.5% of revenue on eligible R&D in each of the last two years; OR plan to exceed these levels over the next year (transitional application)
• Meet financial and due diligence requirements.

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How do I apply?

Talk to us and we’ll help you through the process. You can apply at any time before 12 noon on 20 December 2018.

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Growth Grant guides and FAQs

How do I calculate R&D intensity ratio and eligible R&D expenditure for a Growth Grant?

As a starting point, consult the following Evidencing Eligible R&D and RDI for Growth Grant guideline and Growth Grant Application template. These two documents will help clarify, eligible and ineligible R&D expenditure and evidential requirements, and specify relevant accounting standards.

Growth Grant Guidelines

Pre-application Checklist: Are you ready to talk about Growth Grants?

Guidelines: Evidencing Eligible R&D and RDI for Growth Grants

Application/Annual Review Certificate template (for chartered accountants)
Please refer to the 'Evidencing Eligible R&D and RDI for Growth Grants' guidelines above for other templates.

Guidelines: Growth Grant Funding Agreement

Growth Grant application template

Growth Grant - Application template

The R&D grants allowed us to make a big investment in R&D by taking out some of the financial risk. They also enabled us to work closely with outside research institutes to speed up our R&D. With this funding we have grown faster and taken on more staff to expand our product development.

Nigel Beach, R&D Manager - Compac Sorting Equipment