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Grants and External Funding

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grants and external funding

 

Open 4 Business Portal

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Carlisle City Council is providing local businesses with free access to its local business support and grant portal provided by Open4Business. This is tailored for the Carlisle area and includes local, regional and national schemes.

Business can also search for funding relevant to their size and sector. To use the portal, you will first need to register with Open4Business.

GO TO OPEN 4 BUSINESS

Grantway

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Grantway is a new grant search portal available completely free of charge.

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Grants and Funding

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New Round of IUK’s Innovation Loans Future Economy Competition Launched

Business, Enterprise and Regeneration

21 September 2022/Categories: Grants_and_Funding

UK SMEs can access loans that are affordable, patient and flexible for late stage innovation projects that have a clear route to commercial success.

Innovate UK (IUK) is offering loans to help micro, small and medium-sized enterprises (SMEs) overcome barriers to their innovations becoming a successful, commercial reality. The aim is to make a considerable economic impact which results in significant, sustainable business growth.

Loans are for highly innovative late stage research and development (R&D) projects with the best potential for the future. There should be a clear route to commercialisation and economic impact.

Projects must lead to new products, processes or services that are significantly ahead of others currently available or propose an innovative use of existing products, processes or services. They can also involve a new or innovative business model.

IUK has allocated up to £25 million to fund projects across several rounds of this competition. Loans of between £100,000 and £2 million are available, based on project proposals and IUK’s judgement of the suitability and affordability of a loan for the business.

IUK will fund experimental development projects that can include prototyping, demonstrating, piloting, testing and validation. Projects must focus on one or more of the following themes.

  • Net Zero
  • Health and wellbeing
  • Next generation digital technologies
  • Technology families

To receive an innovation loan for a new project, applicants must be a UK registered SME carrying out a project from or in the UK.

Funding is being allocated across a series of competitions. Round 6 is now open with a deadline for applications of 9 November 2022 (11:00 GMT).

 

How To Apply

The funding will be allocated across a series of competitions with the next round opening on or close to the day the previous round closes.

Round 6 competition dates (current round):

  • Open: 20 September 2022
  • Competition closing date: 9 November 2022 (11:00 GMT)

Round 7 will open on 10 November 2022. Further details will be provided when they become available.

The final round 8 will open on 12 January 2023 and close on 8 March 2023.

Applications are made online. More details can be accessed at the Innovate UK website

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