Innovate UK: Grants
The question
To ask the Secretary of State for Science, Innovation and Technology, whether Innovate UK will resume its Smart Grants funding stream to support innovation-led start-ups.
Answered by Kanishka Narayan
The Smart grants programme has been paused while Innovate UK redesigns its funding programmes to best suit the needs of innovative businesses and align to the objectives of the Government’s Industrial Strategy.
However, Innovate UK has launched a new £130 million ‘Growth Catalyst’ Innovate UK scheme focused on scaling innovative businesses in Industrial Strategy growth sectors. This offers grants, aligned private sector investment, and tailored support to companies, and this approach has a track record of driving 10:1 follow-on investment.
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