< HOME / news

Timescales for Innovate UK grants - Hold your horses!

July 13, 2021

No items found.
No items found.

Innovate UK Smart grants are not necessarily a quick financial win. After a lengthy application process and submission of your, *fingers-crossed*, successful application, competition entrants must wait many weeks until the verdict is out.  

Notification day can seem like you have reached the summit of the mountain, and you can now rest and enjoy the view, with a seamless and automatic start to project activities. 


However, if truth be told, successful applicants must still play the waiting game, with a few more boxes to tick before funds are approved and projects can commence. This time between notification and project commencement can often be underestimated and can take a few months, meaning eligible project activities must be delayed. So how long until you can get going?

Here is our suggested timeline for an August 2021 SMART grant application:

As you can see, there can be quite a few months between project acceptance and commencement. 

Remember, no costs ensued in this time preceding the official project start date (here, 1st December/January) will be covered by grant reimbursement. Therefore, planning is key!  

We recommend applicants always plan the timing of competition applications wisely, making sure they have enough financial cushioning to sustain business activities before projects can officially commence.  

At Inventya we are happy to discuss these preparations with you, working together to identify the most appropriate grant opportunity for you.

July 13, 2021
← back to news
Thank you! We will be in touch shortly.
Oops! Something went wrong while submitting the form.

More of our news

3 Top Tips When Scaling Your Business
As your business grows, maintaining efficiency becomes critical. Streamline processes, automate where possible, and ensure your operations can handle increased volume without compromising quality. Key actions include
June 13, 2024
Simplify CRM with Bigin by Zoho: The Ultimate CRM Solution for R&D-Focused Small Businesses
At Inventya, we can be your partners in implementing Bigin into your operations, setting your team up with a system tailored to your bespoke business needs while ensuring scalability with your business growth. In essence, our Zoho and digital growth experts will guide you through effective implementation, leaving your team to concentrate on what it does best.
May 23, 2024
Navigating Early-Stage Funding, Financing and Growth: Insights from Phil Crosland, Senior Innovation and Growth Specialist
As most entrepreneurs and innovators are well aware, transforming a concept into a market-ready product is loaded with challenges, especially regarding funding and financing this process. The insights I gleaned from a recent conversation with an expert from the Innovate UK Business Growth Programme, Phil Crosland, shed light on the complicated path many early-stage companies find themselves on, emphasising the critical distinction between growth and scale-up phases and exploring strategies to navigate these challenges.
May 9, 2024
Navigating the risks when scaling a business
Despite the inherent risks, scaling a business quickly is not necessarily a recipe for failure. With careful planning, strategic decision-making, and a focus on sustainability, businesses can mitigate these risks and achieve long-term success. Prioritising quality over quantity, maintaining a customer-centric approach, and ensuring financial prudence are essential principles to guide the scaling process. Moreover, businesses should strive for organic growth that aligns with their core values, vision, and capabilities, rather than succumbing to external pressures or unrealistic expectations.
April 26, 2024
The EIC Pathfinder Programme 2024 – An Overview
If your project has the potential to significantly impact the technological landscape and societal progress, Inventya can be your partner. Our expertise in helping companies write and submit European funding applications positions us uniquely to support your ambitions. We're here to assist in aligning your project with the most suitable EIC Pathfinder opportunity,
April 11, 2024
Strategies for Sustainable Growth when Scaling Your Business
Scaling a business is an exciting but challenging endeavour. It's the phase where your company transitions from a small operation to a larger, more efficient organisation capable of handling increased demand and expanding its market reach. However, scaling isn't just about growing bigger; it's about growing smarter and ensuring that your business remains sustainable in the long run. In this blog, I'll explore some of the best strategies for scaling your business effectively.
April 3, 2024