Innovate UK

If you want to develop an innovative product or service, you can apply for funding from Innovate UK for between £5,000 and £10 million.

Innovate UK

Overview

Innovate UK runs funding competitions to help you develop your innovative idea and make it successful. The competitions are open to all UK companies and winners are awarded funding to put their innovation into practice. There are various competitions for different sizes of business and different industries. You can find out which competitions are open and apply online via their website.

Am I eligible?

All kinds of UK-based businesses can apply, from pre start-ups and new companies to large multi-nationals. Innovate UK also run location-specific competitions, and some competitions are open to research organisations working with businesses.

Funding must be used for one of the following reasons:

  • to carry out a feasibility study to test your idea and make sure it will work
  • to create a new product or service, or improve an existing one through R&D
  • to work with other businesses or research organisations on collaborative projects

Find full eligibility details on the gov.uk website.

How to apply

Find full application details on the gov.uk website or apply for a specific project on the Innovate UK website

Alternatively, you can contact our business growth team here at the LEP on 0113 3481818 or BusinessGrowth@the-lep.com to find out more. 

LEP Grants

Grants of between £10,000 and £250,000 are available for small and medium-sized businesses in the Leeds City Region, looking to grow their business and create new jobs.

Find out more

Business support and finance

Not sure where to start? Don't worry. Just get in touch with our business growth team and we can help you find the right support for your business needs.