Innovate UK Grant Estimator 2025/26

For 2025/26, Innovate UK maximum intervention rates for SMEs are: 70% for feasibility studies; 70% for industrial research; 45% for experimental development. These rates represent the proportion of eligible project costs that the grant covers. The remaining costs must be funded by the company from its own resources or third-party sources. Medium-sized companies may attract slightly lower rates depending on the specific competition rules.

Typically 4-6 months from the competition close date to a funding decision. The timeline includes: peer review (6-8 weeks), panel assessment, and notification of decision. If successful, there is then a further 4-8 weeks for contract negotiation before funding starts. Total time from application to first payment is often 6-9 months, so plan your project timeline accordingly.

Not always — Smart Grants and some other Innovate UK programmes are open to solo (single-company) applications. However, collaborative projects involving universities or other businesses often score higher in the peer review process as they demonstrate wider impact and knowledge exchange. Some specific competitions (such as Knowledge Transfer Partnerships) require an academic partner. Always check the specific competition guidance on the Innovate UK Funding Finder.