News
Opportunities available with Innovate UK’s Grant Scheme for SMEs within the professional services sector
07 Sep 2023
There has been an exciting development that holds immense promise for SMEs within the professional services sector.
Innovate UK, part of UK Research and Innovation plans to invest £5 million in innovation projects that advance the Professional and Financial Services sectors. It looks to support them in creating and adopting digital approaches and new digitally supported services.
If your business has been holding back on projects that align with our digital objectives, this grant scheme could be the gateway to explore future success.
The project must:
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start by 1 April 2024
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last between 6 and 18 months
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carry out all of its project work in the UK
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intend to exploit the results from or in the UK
Funding requests for single applicants can cover £50k-£200k and cover up to 70% of the total costs
Funding requests for single applicants can cover £50k-£500k and cover up to 70% of the total costs
Innovate UK are particularly encouraging applications that:
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are for projects that increase access to the services by underserved or excluded communities, individuals, and businesses
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cover more than one sector in scope
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address broad sector wide needs
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involve collaborations with non-grant funded professional and financial service providers
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are multidisciplinary and include social science as well as science and engineering
You can find more information on the Innovate UK website here
The scheme offers two distinctive pathways, each catering to your project’s nature: one for individual applicants and the other tailored for collaborative ventures.
If you think the above scheme might fit the bill for a project you are considering, please let us know and are happy to help you with the next steps.
Get in Touch
We love meeting new, exciting businesses. Get in touch with our team to see how we could enhance and protect your financial position.
Or if you’d prefer to speak to someone directly just give us a call on: 08000 664 664 or email: hello@wrpartners.co.uk.
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