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Latest funding opportunities

Grants typically offered by government and local authorities, support business development and innovation. Unlike loans, grants typically do not need to be repaid, making them an attractive option for early-stage businesses. A list of the latest net zero and circular funding sources are highlighted below.

Competition closes: 19th June 2024

UK registered organisations can apply for a share of up to £1.1 million for business focused innovation in advanced and high value dairy production and manufacturing. 


Projects can focus on:

  • Novel and high value products from dairy systems

  • Decarbonising dairy production and manufacturing

  • Waste minimisation and resource recirculation

  • Reduced environmental impact an increased sustainability

  • Sensor development and digitisation

  • Value addition in the dairy supply chain


Competition closes: 26th June 2024


UK registered organisations can apply for a share of up to £8 million for innovative smart shipping technologies for maritime decarbonisation. This funding is from the Department for Transport (DfT).

Projects will carry out innovative feasibility studies for technology demonstrations of scalable smart shipping technologies that reduce greenhouse gas emissions and improve air quality. Projects should plan for the real world demonstration or deployment developed in the projects to be operational by the end of 2027.


Welsh businesses are able to access funding to support investment in circular economy activities such as increasing the use of recycled or re-used content in products or to extend the lifetime of products/materials.


Projects will need to deliver one or more of the following outcomes:

  • Increase amount of re-cycled/re-used materials

  • Reduce CO2 emissions.

  • Reduce waste.

  • Improved productivity

  • New or improved products or processes

  • Obtain a recognised relevant BSI standard/kitemark.


A business grant scheme to support Carmarthenshire businesses in the purchase of renewable power and heating systems for their business premises. Available grants are between £1,000 and £25,000 and will be awarded based on no more than 50% of the eligible costs. The aim of the fund is to support local businesses to be sustainable during these challenging times, to provide assistance for them to grow and prosper whilst helping them on their net zero carbon journey.


The Grant Fund will stimulate economic growth such as business expansion, diversification, innovation, and job creation which all contribute to overall economic growth and development in the Vale. Businesses based in the Vale of Glamorgan that have been trading for at least 12-months can apply for grants for projects enabling them to either decarbonise, innovate and diversify, or grow and develop. Grants will fund 50% of the cost for projects between £5,000 and £300,000.


Competition closes: 17th July 2024

The aim of this competition is to fund collaborative research and development (CR&D) projects focused on industrial research. Proposals must include at least one partner from the UK and one partner from Taiwan.

They are particularly looking for applications from the following sectors:

  • Smart technology

  • Green energy technologies

  • Smart manufacturing

  • Biotechnology

  • Service innovation


Competition closes: 31st July 2024

This funding opportunity aims to enable international research collaborations between the UK and Japan in the field of advanced materials. Projects should demonstrate potential to tackle large scale global research challenges, and support the delivery of the UN Sustainability Goals.

Applications should focus on the physical science or engineering of materials to deliver beneficial and enhanced properties. Their incorporation into devices or use in applications can be addressed but should not form the bulk of work proposed.

Lifting Wood

Competition closes: 10th July 2024

Innovate UK, part of UK Research and Innovation, is offering up to 50 Women in Innovation Awards to women entrepreneurs within SMEs across the UK. The winners will receive a £75,000 grant and bespoke business support.

The aim of this competition is to fund and support a diverse portfolio of Women in Innovation Award winners:

  • who will be relatable role models for women from all backgrounds

  • from regions across the UK

  • who are solving a range of pressing societal, environmental and economic challenges

  • in a variety of innovation areas

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