Unlocking Opportunities: New business grants in key sectors
In today’s fast-paced business environment, staying ahead of the curve often requires a boost in funding. Whether you’re a startup or an established player, grants can be a game-changer for your business. We’ve scoured the funding landscape to bring you the latest opportunities in various sectors, including Transport, Construction, Agriculture, Creative Industries, Creative Media, Technology, and Sustainability. Let’s dive into these exciting prospects and see how they can fuel your innovation and growth.
Collaborative AI Solutions Transforming Productivity
Imagine harnessing the power of Artificial Intelligence (AI) and Machine Learning (ML) to supercharge your business operations. The Collaborative AI Solutions competition, launched with the aim of supporting priority sectors like transport, construction, agriculture, and creative industries, can turn this vision into reality. This competition offers two distinct strands:
1. Collaborative R&D Projects
In this strand, businesses can partner with others to develop cutting-edge AI and ML solutions tailored to specific sector needs. The goal is clear: improve productivity and efficiency. To be eligible, your proposal must identify an end user within one of the priority sectors and showcase how your solution can drive tangible improvements.
2. Single Entities
For those businesses with a solo vision, the Single Entities strand offers an avenue to bring your AI and ML projects to life. Once again, the key focus is on enhancing business productivity in the priority sectors.
The cherry on top? Grant awards for projects in this competition range from £700,000 to £1.2 million. The clock is ticking, as the competition starts on Wednesday, 27th September 2023, and closes on Wednesday, 8th November 2023. Find out more here.
MyWorld Collaborative Research and Development: Round 2
If you’re a player in the creative media production, technology, and research landscape, MyWorld Collaborative Research and Development Round 2 beckons with an investment opportunity of up to £2 million. Innovate UK, in partnership with Digital Catapult, is spearheading this initiative to bolster the West of England’s strengths in these critical areas.
The primary aim of this programme is to fortify the UK’s position as a global leader in advanced media production. Grant awards for this opportunity range from £100,000 to £200,000. But the clock is ticking, as the closing date is set for 23rd November 2023. Find out more here.
Innovate UK Innovation Loans: Fuelling the Future Economy
Innovate UK is on a mission to supercharge innovation in micro, small, and medium-sized enterprises (SMEs) with up to £25 million in loans. These loans aim to overcome barriers and transform innovations into successful, commercial realities.
Specific themes include Net-Zero, Health and Wellbeing, and Next Generation Digital Technologies. The goal is to generate significant, sustainable business growth that makes a considerable economic impact.
Grant awards for this opportunity range from £100,000 to £2 million, and the closing date is set for 8th November 2023. Find out more here.
SSPP: Revolutionising Packaging for Liquid Products
The SSPP competition is all about reducing waste and making a positive environmental impact. It supports business-led projects that demonstrate a reuse or refill packaging system for liquid food and beverage products at scale in a retail chain.
Sustainable Packaging Solutions: Projects can cover a wide range of liquid products, including milk, soft drinks, alcoholic beverages, and sauces. Grant award sizes range from £500,000 to £1.5 million, making this a significant opportunity for businesses looking to make a difference.
Don’t miss out; the closing date for this competition is 25th October 2023. Find out more here.
Opportunities abound for businesses in key sectors
From harnessing the potential of AI and ML to fostering innovation in creative media production. Innovate UK’s innovation loans pave the way for economic growth, and the SSPP competition opens doors to sustainable packaging solutions.
Stay tuned for more updates and further details on these exciting funding opportunities. Don’t miss your chance to elevate your business to new heights and be at the forefront of innovation in your sector.
Contact us today
Ready to seize these opportunities and take your business to the next level? Our team is here to help you navigate the grant application process, refine your proposals, and maximise your chances of success. Contact us today, and let’s unlock the potential together.
