Published on: 09 November 2023
Innovate UK has released a new fund to support marine companies in the Great South West.
This new fund will enable UK registered organisations to apply for a share of up to £2m for business-led projects that grow marine and maritime activities in the Great South West.
The aim of this competition is to support outstanding innovation projects led by businesses. Your business must be active or growing work activities in the marine and maritime innovation cluster in the Great South West, defined as Cornwall and Isles of Scilly, Devon, Somerset and Dorset.
This competition is split into three strands:
- Launchpad: marine and maritime, Great South West – Round 1 Collaborative Research and Development (CR&D)
- Launchpad: marine and maritime, Great South West – Round 1 Minimal Financial Assistance (MFA)
- Launchpad: Great South West – Cluster Management (details to follow)
The MFA strand is open to single organisations only, and your project’s grant funding request must be between £25,000 and £100,000. This can cover up to 100 per cent of costs.
The CR&D strand is for collaborative projects, and your project’s total grant funding request must be between £150,000 and £1 million. This can cover up to 70 per cent of costs depending on business size.
For further information on this funding opportunity please click here: Launchpad: marine and maritime in the Great South West – Innovate UK KTN (ktn-uk.org)