For businesses engaged in innovation, research and development grants can be a vital source of funding to accelerate growth, enhance competitiveness, and reduce risk. Unlike R&D tax credits, grants offer upfront financial support without the obligation of repayment, making them a powerful tool for companies looking to bring breakthrough ideas to market.
At PGR Advisory, we work with innovative UK businesses to secure the funding they need to succeed. Our combined expertise in both technical project development and financial strategy gives our clients an edge when applying for competitive research and development grants.
What Are Research and Development Grants?
Research and development grants are financial awards provided by government bodies, innovation agencies, or private institutions to support projects that aim to advance science, technology, or knowledge. These grants are typically non-dilutive, meaning you retain full ownership of your company.
In the UK, grants are available from several major sources, including:
Innovate UK – the government’s national innovation agency, which offers grants across sectors such as energy, AI, manufacturing, and health tech.
Horizon Europe – an EU programme accessible to UK companies through association, offering funding for collaborative R&D projects.
Local enterprise partnerships (LEPs) and devolved government funds, which support regional innovation and business growth.
Research councils and charitable foundations, which provide funding for more academic or early-stage research projects.
Who Can Apply for R&D Grants?
Eligibility for research and development grants varies by programme but generally includes:
UK-based companies of all sizes (including start-ups and SMEs)
Collaborative groups of businesses and research organisations
Non-profits and universities (particularly for early-stage or foundational research)
Applicants must demonstrate that their project offers potential for innovation, societal benefit, and commercial viability. Often, they’ll need to show that the proposed work involves technical uncertainty – where the outcome is not easily predictable.
It’s worth noting that grants often focus on specific themes or “challenge areas,” such as clean energy, digital transformation, or medical technology. Successful applicants usually align their R&D goals with national or sector priorities.
What Costs Can R&D Grants Cover?
Depending on the grant scheme, funding can cover a range of eligible project costs, including:
Salaries for technical staff and researchers
Equipment and materials directly used in the R&D
Subcontractor or consultant fees
Prototyping and testing
Project management and administrative support
Some grants may cover up to 70% of eligible costs, while others may be matched-funding schemes where the company contributes a portion of the budget.
How to Apply for Research and Development Grants
Applying for research and development grants can be highly competitive and time-consuming.
A typical application will require:
- A clear explanation of the technical objectives and challenges.
- A detailed work plan and project timeline.
- A budget breakdown with justification for each cost.
- Evidence of market need, potential impact, and commercialisation strategy
Team credentials and previous project experience
Most funders have strict submission deadlines, and grant calls may only be open for a limited time. Ensuring the technical content aligns with the grant’s criteria is key – generic or vague proposals are unlikely to be successful.
How PGR Advisory Helps You Secure R&D Grants
At PGR Advisory, we understand that preparing a strong research and development grant application requires both technical credibility and strategic thinking. Our team of engineers and chartered accountants offers end-to-end support to help clients win research and development grants, including:
- Identifying relevant grant opportunities that align with your project.
- Writing or reviewing technical sections to ensure clarity and compliance.
- Preparing financial budgets and justifications that meet funder requirements.
- Project managing submissions to meet deadlines and maximise quality
- Helping integrate grant funding with other incentives such as R&D tax credits and the Patent Box.
- Dealing with funding bodies on your behalf.
We don’t just help you apply – we help you win. With our deep understanding of the innovation funding landscape and our multidisciplinary expertise, we improve your chances of securing competitive funding and advancing your R&D goals.
Don’t Miss Out on Grant Funding
Research and development grants can provide the crucial funding needed to turn innovative ideas into reality. Whether you’re a start-up building your first prototype or an established firm exploring new markets, these grants can reduce risk, stretch budgets, and fast-track development.
Navigating research and development funding can be complex, but you don’t have to do it alone. We’re is here to help you identify the right opportunities, build compelling applications, and manage your innovation funding strategy effectively.
Contact us today to learn how we can support your next breakthrough.