Sources of R&D funding for your business

 
Please note that Yorkshire Forward is no longer accepting new Research and Development grant applications and both of the schemes are now closed.
 

GRDs for SMEs

The national Grant for Research and Development (GRD) scheme was administered in our region by Yorkshire Forward. It set aside £18.5m over 5 years to provide finance to individuals and SMEs in England (partnerships/companies with less than 250 employees, which make up 99% of the businesses in our region) to research and develop technologically innovative products and processes. It was anticipated that these GRDs would support at least 185 projects across Yorkshire & Humber.
However, following the Government’s decision to abolish regional development agencies, such as Yorkshire Forward, GRD for Small and Medium Sized Enterprises (SMEs)  was brought to an early close for new applications in September 2010. Since October 2008 GRD has supported 131 SMEs, with forecast grant spend of £10.4 million.
The GRD scheme in Yorkshire and The Humber was supported by an initial grant of £3,700,000 from the European Regional Development Fund (ERDF) through the Yorkshire and Humber ERDF Programme 2007-13. However, as the project has terminated early a lower amount of ERDF than forecast will be utilised.
 

Yorkshire Forward Industrial R&D Awards

We awarded R&D grants to large companies in Yorkshire & Humber, in support of industrial research and pre-competitive development projects, or a combination. The £24.2m round of funding began in autumn 2008 and was anticipated to run until 2013. However, following the Government’s decision to abolish Yorkshire Forward this scheme was brought to an early close for new applications in October 2010. While the scheme was in operation it supported 20 companies with 21 projects, with a forecast grant spend of £11.5 million.  
The Large Company R&D Award Scheme in Yorkshire and The Humber was supported by an initial grant of £4,096,052 from the European Regional Development Fund (ERDF) through the Yorkshire and Humber ERDF Programme 2007-13. However, as the project has terminated early a lower amount of ERDF than forecast will be utilised.

To receive support under this scheme, the project had to:
  • Have a total project value of between £650,000 and £2.5 million
  • Last for 12-24 months
  • Be business-led, with the main applicant a large company with a base in Yorkshire & Humber. Large companies that planned to move to Yorkshire & Humber could also apply, but would not receive an offer letter until they were based here.
  • Collaborate with another organisation and/or knowledge base in order to maximise the potential of the research & development.
The intervention rate followed the European Commission State Aid guidance of :
  • Industrial research: 50% of the project cost
  • Pre-competitive development: 25% of the project cost

For further information about the Yorkshire and Humber ERDF programme 2007-13 please follow the link to further information contained on this website www.yorkshire-forward.com/about/our-funding/erdf

For further information about the European Union’s support for economic development in the region’s of Member States visit http://ec.europa.eu/regional_policy/index_en.htm

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