Investment

UK Research and Development Grant Funding

April 24, 2015

picHave you got a great idea that could change the world but lack the funding to turn it into reality? This is a more common problem than you think is one of the main reasons why so many top class ideas don’t get any further that being dreams.

However, with so many great ideas falling by the wayside due to a lack of funds, it is good to see that there are still a number of ways to move forward with innovative ideas and projects. For example, if you want to take a technology SME to the next level it is possible to get the funding required to do this. This isn’t exactly easy to do on your own but the good news is that it is possible to get help along the way.

Of course, with the increasingly global nature of business these days, it is also important for the UK as a whole that the people here who have the big, revolutionary ideas get the chance to move them forward effectively. Often, the financial side of things is what keeps these ideas from turning into reality and the country as a whole loses out when this happens.

Different Funding Programmes Available

In fact, there are a number of different funding programmes linked to research and development grants in the UK. It is, therefore, a question of understanding the basics of the grant award criteria and which one would be right for the current project. This is a crucial aspect of any new project and one of the first things you should look to address.

One problem that many technology firms come across is that of not having either the right expertise or the time necessary to understand the financial side of things and to make a successful application for funding. In this case, it can make a lot of sense to find an industry expert who can advise them on the funding for innovation process and guide them through their application.

Ideally, you will put your ideas and your progress in the hands of an expert who understands the world of emerging technologies as well the process for getting research and development grant funding sorted out. This can mean getting a team of specialised funding experts to help you out along the way.

Look for a Free Consultation and a Result Based Fee

Additionally, a free consultation and a fee that is based on getting results will help any SME to approach this part of their growth with a higher degree of confidence.  By approaching it in the smartest way they can understand the differences between the likes of the UK SMART scheme and UK Collaborative R&D Grants. This could be the difference between success and failure when trying to get a bold new idea off the ground.