On the 4th April, the new Grant for Research and Development (Grant for R&D) scheme was launched, to support R&D projects "which offer potentially significant rewards and could stimulate UK economic growth."
This new Technology Strategy Board (TSB) scheme is offering funding to small and medium-sized enterprises (SMEs) to engage in R&D projects "in the strategically important areas of science, engineering and technology, from which successful new products, processes and services could emerge."
Open from 4 April 2011, the Grant for Research and Development (Grant for R&D) scheme will support R&D projects which offer potentially significant rewards and could stimulate UK economic growth.
In contrast to the Collaborative R&D programme, Grant for R&D funding is available to
single companies.
Three types of grant are available: Proof of Market, Proof of Concept and Development of Prototype.
Projects will last up to 9 months, have a maximum grant of £25k, and up to 60% of total project costs may be funded.
Further InformationGrant for R&D