Grant funding updates - May

    Cool, fast and growing

    The funding team recently scored further successes with various schemes. In the latest Innovate UK competition, we secured £158,000 for a company to develop software and hardware to automatically monitor and control temperature in commercial refrigeration units. This will be priced at a fraction of current offerings and deliver superior performance via Internet of Things connectivity. Ultimately, it will see deployment in retail, restaurants and even airline catering, where it will reduce food poisoning, food waste and energy consumption from refrigeration.

    Developing technology to build the vehicles of tomorrow is the aim of the Advanced Propulsion Centre (APC). In their recent Integrated Delivery Programme, the funding team secured over £2m grant funding as part of a £3m project, for a UK niche manufacturer to develop a small, range extended electric sports car.

    Finally, we continued our success in obtaining funding for capital purchases to allow growth. A Derbyshire rubber mouldings company are set to create ten jobs, after we secured a £65k grant to assist in purchasing five new machines. These are set to deliver an additional £1.5m turnover to the customer. 


    Could the funding team help you?   

    We continuously monitor funding opportunities, from multi-million pound international collaborative grants to small start-up loans. We can produce bespoke funding reports upon request, making sense of the myriad of different grants and business loans out there. We can prepare complicated application forms and answer the market and commercial questions that so many small businesses struggle to understand. Our service doesn’t stop with producing an application; we guide customers through the administration of accepting and running a grant as well.     


    Key open funding calls

    Accelerating innovation with public and private investment - combined grant and venture funding for innovative projects, up to £150k.

    NIHR invention for innovation - £300k to £1m to develop new medical devices as part of a consortium.

    Biomedical catalyst late stage - funding for projects from £250k to £4m to develop innovative solutions to healthcare challenges, including Phase I and II clinical trials.

    Energy catalyst round 5 - funding for projects from £50k to £10m, at any stage of development, which will contribute to solving the energy trilemma - reducing emissions, reducing cost and maintaining security - of supply.    
     
    If you would like to explore the funding available, please contact a member of the team on 0114 236 4457 or email leads@abbeytax.co.uk.