The digital agency in London providing structured strategies and implementation for corporates, SMEs and start-up companies with an appetite for rapid growth and a need to innovate through digital and marketing channels.

Is Your Business Grant Funding Ready

We’ve met some great businesses with genuine innovations, who have lost out on previous grant applications

Innovationly, we have a proven track record of helping companies obtain grant funding.

What is Innovation Grant Funding?

Billions of pounds worth of grant funding is available to UK companies developing new, innovative technologies. From Innovate UK to the European Space Agency, there are multiple opportunities for UK companies to secure grant funding for their R&D projects, you just need to know where to look.

Once found, UK companies receive an injection of non-dilutive funding for their technical development. Maximising existing capital with grant funding and furthering their technical position.

What grants are available to UK businesses?

Whilst there are many grants awarding bodies and hundreds of UK grants running at any one time, the application criteria will vary dependent on the size and stage of your company, your industry sector and location, and the type of project that you are seeking grant funding for. Innovationly expert team have the knowledge and skills to help review, analyse, and prepare for the below funding bodies:

  • Innovate UK
  • UKRI
  • Government Departments
  • SBRI
  • Industrial Strategy Council
  • Corporate Foundations Universities
  • Local Authority / LEPS

 

At Innovationly, we implement successful strategies to ensure your business is ready to apply for Grant Fudning.

Is your business grant funding ready?

The questions you will need to consider will vary depending on the type of grant, the amount of grant funding you are seeking, and the awarding body. For example, whilst grants from Local Authorities/LEP’s may be less onerous to apply for and direct (i.e., un-competed) awards, they are usually for smaller amounts of funding, unlike, for example, some of the larger, but highly competitive Innovate UK grant calls, for which we have listed below some the questions you would need to be prepared to robustly answer or evidence in your grant application/bid.

  • Business Opportunity – What drives the innovation and market need?
  • Equality, Diversity and Inclusion (EDI) – Has this been considered in your project plans?’
  • Innovation – What is innovative / novel about your solution?
  • Market – Which market will your solution solve and how will you target this?
  • Exploitation -How will you commercialise the solution and within what timescale?
  • Benefits – how will your solution provide wider economic, social and environmental benefits?
  • Project Plan – How will you manage the project and turn your idea into reality?
  • Team & Resources – Do you have a well balanced and experienced team to deliver the solution within the given timeframe?
  • Risks – What are the main project risks – technical, commercial, managerial, environmental?
  • Finances – Does the project represent good value for money and are your costs reasonable and fully justified?
  • Need for Funding – What other funding sources have been tried and why is public money necessary?

That’s where Innovationlys experienced grant consultancy team come in, maximising your chance of success by guiding you through the whole process and taking away the hassle, whilst keeping you informed throughout.

The Process For Obtaining Grant Funding Can Be Fiercely Competitive and Difficult

Strategy

Even if you meet the eligibility criteria and the aims of the grant there are many other things you will need to consider for the best chance of application success. Applications forms can be long and complex, needing a high level of detail provided within tight word limits and requiring careful preparation and plenty of man hours to stand a chance of a successful outcome. With thousands of companies applying every year, but less than 5% – 10% receiving funding for the most competitive grants, you must first determine if you should leverage company time and resources to apply.

Creativity

We support you in identifying grant-fundable areas within your work. Ahead of an application we take a deep dive into your roadmap, feeding back on the proposition & execution plan against the relevant funding bodies criteria.

What project activities qualify for grant funding?

Although each grant awarding body has different priorities and sectors, they target to ensure the best projects are funded. The range of activities which can be supported by grant funding are many and include (to name but a few):

  • Innovation
  • Expansion & Growth
  • Capital Investment
  • Ground-breaking Platforms & Technology
  • AI & Expert Systems
  • High Risk Projects
  • Sustainability & Low Carbon Initiatives
  • Business ‘Greening’
  • Collaborative Projects
  • Staff Training, Upskilling & External Consultants

The process for obtaining grant funding can be fiercely competitive and difficult

Even if you meet the eligibility criteria and the aims of the grant there are many other things you will need to consider for the best chance of application success. Applications forms can be long and complex, needing a high level of detail provided within tight word limits and requiring careful preparation and plenty of man hours to stand a chance of a successful outcome. With thousands of companies applying every year, but less than 5% – 10% receiving funding for the most competitive grants, you must first determine if you should leverage company time and resources to apply.

We’ve met some great businesses with genuine innovations, who have lost out on previous grant applications due to:

  • The eligibility criteria was not met due to legal form, sector, size, or geography.
  • The application didn’t meet the funding guidelines / scope.
  • To little up front time &/or resources were allocated to planning & writing-up the application.
  • Project outcomes, evaluation, or consultation methods were not presented clearly and concisely.
  • The budget failed to meet funding guidelines, lacked detail, &/or the financial management procedures were unconvincing.
  • Match funding sources were not in place when the application was submitted.
  • Insufficient risk management &/or monitoring and evaluation processes in place.
  • The supporting documents were incomplete, inaccurate, contradicted the application, or were simply not enclosed.
  • The applicants were experts on their projects, but not professional grant writers.

That’s where Innovationlys experienced grant consultancy team come in, maximising your chance of success by guiding you through the whole process and taking away the hassle, whilst keeping you informed throughout.

Innovationlys grants team are here to  help you succeed by providing expertise and guidance in the grant application process. This includes researching and identifying potential funding opportunities, helping to develop a strong proposal, and assisting with budget preparation and compliance requirements.

Innovationly also holds relationships with various  funding agencies, which may be beneficial for future grant applications.

So why not book in a Business Needs Assessment with the Innovationly team?

This is a free 30-minute session where you can work with our expert team to identify areas for growth & improvement, develop an action plan, and find resources to help take your business to the next level.

We’re living in a visual world. Mindless scrolling and competing for the consumer’s attention is the norm.

At Innovationly, we set out to do something different. We’re a digital marketing agency that works, without the empty promises. In a world guided by the internet, we’ve become the ultimate connoisseurs in understanding its depth and its intricacies.

Project Development

We support you in identifying grant-fundable areas within your work. Ahead of an application we take a deep dive into your roadmap, feeding back on the proposition & execution plan against the relevant funding bodies criteria.

Grant Matching

Once the grant-fundable areas of your work have been identified, we leverage our internal technical team and competition-specific knowledge to advise which grant competition will result in the highest chances of success.

Grant Writing, Coaching and Reviews

Based on your requirements, we will propose one of our three-tier service levels. Maximising your chances of success against the right grant competition with an allocation of time and resources suited to your teams’ needs.

We prefer to work with companies that want to embrace innovation, and the times.

Here are a few of our most recent case studies. We aim to update this every three months with some of our very best work to show you exactly what you can expect when you innovate with us.

Attain Genuine Business Growth With Innovationly’s Business Specialists.
We will do our best to respond to each and every message we get. If your message is urgent. Please contact us here or call our office on 0203 535 8059.

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Growth Marketing for Growing Companies.

forestcitysites ltd trading as Innovationly.

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