Funding up to £250k available to support technology-based R&D projects with potential to stimulate economic growth

Thu 21 April 2011 View all news

A new Technology Strategy Board scheme is offering funding to small and medium-sized enterprises (SMEs) to engage in R&D projects in the strategically important areas of science, engineering and technology, from which successful new products, processes and services could emerge.

Open from 4 April 2011, the Grant for Research and Development (Grant for R&D) scheme will support R&D projects which offer potentially significant rewards and could stimulate UK economic growth.

Three types of grant are available under the programme - for proof of market projects, proof of concept and development of prototype. Depending on the type of grant, funding levels range from £25,000 to £250,000. The scheme will work alongside existing programmes in Scotland, Wales and Northern Ireland.

For further details visit the TSB website.


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