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Description
Innovate UK Growth Catalyst – Investor Partnerships Round 2 is a UK grant funding competition for growth-oriented innovative SMEs (start-ups at seed to Series A stage) that combines public grant funding with aligned private investment from pre-approved investor partners. It aims to accelerate research, development, and commercialization of innovations by helping companies secure both grant support and private capital.
Funding Amount
- Total funding available: Minimum of £100 million allocated to the competition (subject to sufficient high-quality applications).
- Per project funding ranges (grant + aligned investment):
- Feasibility studies: £50,000 to £300,000 (grant up to 70% of eligible costs)
- Industrial research: £100,000 to £1 million (grant up to 70%)
- Experimental development: £250,000 to £2 million (grant up to 45%)
- Grant + Investment Model: Grant funding only awarded if matched or aligned private investment is secured (minimum equal to or greater than the grant depending on research category).
Timeline & Deadlines
- Competition opens: 10 December 2025
- Competition closes: 3 February 2026, 11:00 am UK time
- Applicants notified: Around 17 March 2026
- Project start date: Around 1 July 2026
Submission Conditions
- Applications must be submitted via the Innovation Funding Service by the stated deadline.
- Applicants must complete all sections including project details, scope, finances, and innovation impact.
- Applicant must have an Investor Partner confirmed before submitting; failure to do so will render the application ineligible.
- Only one application per SME is permitted in this round.
- Projects must start only after the Grant Offer Letter (GOL) and aligned investment confirmation.
- Projects must include eligible costs only, and begin on the first of a month.
- Applicants must comply with UK subsidy control and not be in financial difficulty.
Eligible Types of Businesses
- UK-registered SMEs (micro, small or medium) only.
- Single-applicant projects (no formal consortiums).
- Must conduct project work in the UK and plan to exploit results in or from the UK.
Expected Outcome
Successful projects are expected to:
- Accelerate R&D and commercialization of innovative products, services, or technologies.
- Translate ideas into scalable business ventures in key UK strategic sectors.
- Secure aligned private investment alongside grant funding.
- Contribute to long-term growth, job creation, and competitive advantage in UK industry.
Scope
Projects must:
- Demonstrate a clear route to market and significant growth potential.
- Be aligned with one or more of the UK’s Modern Industrial Strategy (“Invest 2035”) priority sectors, including: Advanced manufacturing; Clean energy industries; Digital and technologies; Defence; Creative industries; Life sciences (including Battery Innovation Programme contexts).
- Have an investor partner relationship established before the application (investor must submit an Expression of Interest and agree support with the applicant).
Scope encourages projects in areas that strengthen competitiveness, productivity, and market impact through innovation.
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