UK’s national innovation agency supports innovative businesses taking a new idea to market. Funding is available for SMEs with game changing or disruptive innovations with significant potential to impact the UK economy.
Any technology can apply, including arts, design, media, creative. Funding is available through the Industrial Strategy Challenge Fund £4.7bn over 4 years, bringing research with business to meet major industrial and societal challenges
View the ongoing programme of competitions on Gov.UK. You can also get in touch with the University of Portsmouth contact at firstname.lastname@example.org.
If you are an academic or a business (SME) that has an idea for an innovative business project and you want to look at ways to develop these ideas through a collaborative partnership, then the University of Portsmouth’s Innovation Voucher scheme may be the right tool for you. This is facilitated through matched funding of up to £5,000
Visit the Research and Innovation services website, or contact the Collaboration Managers through the Business Engagement Team at email@example.com.
Greentech South: EMphasis3
EMphasis3 CO2 Reductions Project is an ERDF funded SME support project. It combines the expertise and experience of the University of Portsmouth – lead partner, the University of Winchester and the cleantech cluster, Greentech South. SMEs can access:
- Free energy efficiency audits
- Energy efficiency grants, up to £25,000
- Research and innovation grants, up to £25,000
Visit the Greentech South website.
Gigabit Broadband Voucher
The Government’s Gigabit Broadband Voucher Scheme provides vouchers up to £2500 to contribute to (and in many cases fully fund) the installation cost of a full fibre gigabit capable connection.
Visit the Gigabit Broadband Voucher website.
Kick-start scheme to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment.
Funding is available for 100% of the relevant National Minimum Wage for 25 hours a week, plus associated employer National Insurance contributions and employer minimum automatic enrolment contributions. There is also £1,500 per job placement available for setup costs, support and training.
Funding is available following a successful application process. Applications must be for a minimum of 30 job placements. If you are unable to offer this many job placements, you can partner with other organisations to reach the minimum number.
Visit Gov.UK’s kick-start scheme page, or email firstname.lastname@example.org.
Knowledge Transfer Partnerships
The Knowledge Transfer Partnership (KTP) scheme helps businesses to innovate and grow. It does this by linking them with a university and a graduate to work on a specific project.
Part grant funded If you are a small to medium-sized business, you will need to contribute a third of the costs. The average annual contribution to a project for an SME is around £23,000.
View Gov.UK’s Knowledge Transfer Partnership guidance. You can also get in touch with the University of Portsmouth contact at email@example.com.
Small Business employers can get £2,000 by claiming this relief on National Insurance bills. View Gov.UK’s employment allowance guidance.
New Enterprise Allowance
Unemployed people, who have a business idea, can be ready to trade in 8 weeks and who are receiving Jobseeker’s Allowance (JSA), ESA or IS. Provides 8 weeks mentoring and a NEA for up to 26 weeks.
View Gov.UK’s guidance on New Enterprise Allowance.
Funding is available up to 90% of the cost through the levy scheme. View Gov.UK’s information about employing an apprentice.
New levy – All Companies with a pay bill under £3m will attract an initial voucher value of £15,000. Find more detailed apprenticeship information on Gov.UK.
Apprenticeship funding for SMEs
The funding, from Portsmouth City Council, can be for new employees or existing staff looking to boost their skills. Companies can get funding for one or more apprenticeships.
The offer is open to firms in the city with an annual payroll of under £3m. Email firstname.lastname@example.org.
Better Business Finance
Provides support to businesses looking to raise finance. Visit the Better Business Finance website.
Erasmus for Young Entrepreneurs
Provides grants for new entrepreneurs to travel to other EU countries on an ‘exchange’ basis. No age limit but you must be a planning a business or an entrepreneur who started a business within the last 3 years.
Hosts or entrepreneurs can apply. Visit the Erasmus Entrepreneurs website for more information.