Grant for R&D
Grant funding up to £100,000 for small and medium-sized enterprises (SMEs) planning or undertaking research and development (R&D) projects.
This support is available to Invest Northern Ireland customers.
SMEs can apply for up to £100,000 in grant support, covering up to 70% of their project costs. To qualify for the 70% support rate, SMEs must not have received the Grant for R&D or exceeded De Minimis aid limits in the last three years. The project must not have commenced before the confirmation of Invest NI support.
Invest NI also welcomes new project applications from large companies and companies previously supported with the Grant for R&D in the last three years.
If your business can show that it intends to sell outside Northern Ireland, is actively pursuing growth plans and will contribute to increasing productivity and innovation in Northern Ireland, you could become a customer with Invest NI.
The criteria for Invest NI customers is:
- actual turnover >= £250,000
- actual external sales >= 25 per cent or £250,000 per annum
- growth potential
Growth potential is defined by Invest NI as:
- potential employment growth >= 20 per cent or >= 20 jobs within three years; or
- potential external sales growth >=20 per cent or >= £500,000 within three years; or
- potential increase in GVA / employee >= 20 per cent within three years
Investment in R&D is a key driver to improving productivity and creating new and improved products helping to lead to increased sales, profit and competitiveness.
Invest NI is committing £5million of support to assist businesses. SMEs can apply for up to £100,000 of grant support to cover up to 70% of their project costs to help boost R&D investment.
The Grant for R&D offers advice and financial support to help implement planning. You should identify all costs, anticipate financial and technical challenges, and demonstrate a clear commercial business benefit.
Invest NI is accepting applications until Friday 31 January 2025. Applications will be considered on a first-come, first-served basis.
- Invest Northern Ireland