For full details of the scheme, or to discuss how you begin to make an
application, email Cambridgeshire Business Link at enquiries@cambs.businesslink.co.uk
or telephone 0845 609 7979.
The
following R&D grants are available to food companies in the region :
|
Defra
LINK Funding Programme |
|
Low risk, high reward collaborative research and development
funding programmes available
Work with the FPFP and leading researchers to develop new technology
and process knowledge |
|
Knowledge
Transfer Partnerships available |
|
DTI funded programme to assist companies work on projects which
improve business performance
Using the knowledge available within the UK universities, KTP offers
funding assistance to employ a graduate to work in your business |
|
Grant
for Research and Development |
|
Financial assistance from the DTI available for small companies for
the purposes of R&D.
Formerly known as the SMART award, the programme offers mixed levels
of funding for innovative projects. |
|
FastTrack
Funding Available for R&D |
|
The FPFP Ltd is able to offer small amounts of funding for unique
work in the food processing sector through its FastTrack funding
scheme |
This grant information has been complied by the Food Processing Faraday
Project (FPFP). For more information on the FPFP click here.
Grant for Investigating an Innovative Idea
SMEs or individuals who have an idea to develop an innovative product,
process or service, but are not sure whether they are ready to take it forward
successfully, may be able to receive help from the DTI. SMEs and individuals will identify what they need to do to
succeed with their innovative idea by undertaking a diagnostic analysis with a
chosen mentor prior to submitting an application.
The diagnostic will highlight weaknesses or barriers to successful
implementation of the innovative idea and will form the basis of the application
for grant. The grant, if approved, will reimburse some of the costs of the
project mentor and consultant(s).
The mentor will provide the broad business skills to keep the project on
track and will help to get the most from the expert consultant(s) chosen by the
business. The chosen consultants will provide the specific expertise to focus on
the individual areas identified as priorities by the diagnostic tool.
The outcome will be an action plan for successful implementation of the
innovative idea.
The grant will be 75% of the project mentor and consultancy costs on the
condition that the business spends at least twice as many days working on the
project as the mentor and expert consultant(s).
The maximum grant will be £12,000 but only the largest and most complex
projects will be approved at this level. Most grants will be between £2,500 and
£7,000.
For more information email the DTI at innovative.idea@dti.gsi.gov.uk
or telephone 0207 215 8671.
Research and Development Tax
Credits
Under this scheme a company can increase the amount that it deducts for
qualifying R&D spending when it computes its profits for tax purposes to
150%.
A company that is not in profit can surrender its qualifying R&D losses
(including the R&D tax relief) to the Exchequer in exchange for a cash
payment, worth 24% of the spending on R&D. This is called the payable
R&D tax credit. The Inland Revenue makes the payment.
R&D tax relief and the payable R&D tax credit can be claimed by a
company even though it has not started to trade for tax purposes.
For more information contact David Harris at david.harris@ir.gsi.gov.uk
or telephone 0207 438 6761.
EUREKA
EUREKA is a pan-European network for encouraging near market,
collaborative research and development projects which lead to the
development of advanced products, processes or services. It involves
organisations from 33 European countries and the Commission of the European
Union.
Funding of up to 50% of eligible costs may be available for projects,
which must involve a minimum of two independent organisations from two
member countries. A project can be in any technological area chosen by the
participants.
A newsletter and seminars disseminate information about projects.
Brokerage events, where interested organisations are able to get together to
discuss potential projects, are also organised.
For more information contact Graham Crewe at graham.crewe@dti.gsi.gov.uk.
CRAFT
Co-operative Research Action for Technology invites a number of SMEs from different
countries to assign a significant part of the research to RTD performers, such
as universities and research centres.
Projects are relatively short-term,
addressing any research subject solving a specific problem or satisfying a
specific need of the SME concerned. The SMEs retain the ownership of the
results.
Co-operative Research Action for Technology
Three participants must be independent SMEs. Research centres, research institutes, contract
research organisations and consultancy firms are excluded.
Two participants are known as RTD performers (having the capacity to carry out
research at the request of the SMEs). They must be independent from any other
participant.
For more information contact Rachel Fletcher at BetaTechnology on 01302
322633.
Basic Technologies Programme
Organisations involved in the promotion and exploitation by industry of new
and improved technology can apply for grants to carry out collaborative research
and technology transfer projects.
The DTI Basic Technologies for Industrial Applications (BTIA) Programme will
support technology transfer projects.
Collaborative research projects are expected to cost up to £1.5 million and
will be considered for support with grants of up to £750,000.