Join us as we make our next stop on the Catax Grant Tour, covering Q3 2022 — July to September.
This is our third quarterly bulletin of 2022 featuring the best funding opportunities with closing dates over the next three months.
This time there are FOUR grant competitions to look out for, supporting projects from EV battery technology to energy intensive companies who want to invest in more efficient, decarbonising technologies. But not all the opportunities need to have a sustainable angle.
If any of these grant calls stand out to you, scroll to the bottom and get in touch — winning grant applications can take months to prepare but can transform your business for good.
Grant: Faraday Battery Challenge Round 5
Maximum grant value: £8.4million
Deadline: 17th August 2022
This challenge is for collaborative R&D projects focusing on propulsion battery technologies for Electric Vehicles (EVs). The competition has two strands. The first will support R&D work for the most promising and sustainable EV battery technologies.
The second strand is aimed at early-stage research where a feasibility study of less than 12 months could speed up the commercialisation process. It will also support short-term projects that could help overcome battery manufacturing challenges. Any UK business can lead the project, but they must also collaborate with at least one micro, small or medium-sized enterprise. This can be a business, academic institution, charity or other not-for-profit organisation, public sector organisation or Research and Technology Organisation (RTO).
Grant: Industrial Energy Transformation Fund (IETF)
Maximum grant value: Discretionary
Deadline: 9th September 2022
With the cost of energy at record highs, this fund helping energy-intensive businesses in England, Wales and Northern Ireland to cut their bills and emissions is well-timed. It will support businesses that are investing in efficient and decarbonising technologies. Funding is available for feasibility and engineering studies for potential projects, or the deployment of relevant technologies. The IETF provides a portion of funding, with the rest match-funded by industry. Applications must come from businesses with high energy use.
Grant: Innovate UK Smart Grants
Maximum grant value: £1.4million
Deadline: TBC but expected to be September
The Smart Grants competition is open to applicants developing disruptive innovations that can be quickly taken to market and have the potential to generate rapid economic returns for the UK. Applications can relate to any area of technology, and apply to any part of the economy, such as net zero, health and wellbeing, the arts, design and media. SME applicants are allowed to work on projects alone. UK businesses of any size or a Research and Technology Organisation (RTO) can also apply but they must collaborate with an SME.
Grant: Innovation Loans Future Economy Competition
Maximum grant value: £2million
Deadline: Ongoing deadlines
This is a superb loan scheme aimed solely at SMEs working on late-stage R&D projects that have a clear route to commercial success. Projects must lead to the creation of new products, processes or services that are significantly ahead of those currently available on the market, or propose innovative uses for existing ones. New and innovative business models can also qualify. The scheme is aimed at SMEs that struggle to access finance or need to raise funds alongside offers from other lenders and schemes.
If you’d like to find out if your business is eligible, click here and fill out the form.