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: 11th December 2024
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UK registered businesses can apply for a share of up to £1 million for projects that grow their innovation activities in the net zero industrial cluster in South West Wales.
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Projects must focus on the markets for industrial decarbonisation in South West Wales and globally.
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Projects must contribute to growing innovation activities in the cluster, both during and after the project.
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Competition closes: 11th December 2024
UK registered businesses can apply for a share of up to £9.5 million for Quantum Computing and Quantum Networks projects. The aim of this competition is to accelerate Quantum Computing and Quantum Networks technologies by increasing their capabilities and removing technological barriers to their commercialisation and adoption.
Projects must identify one or more key technological barriers or limitations and propose an innovative project that will address them. Applications must outline a plan to further develop and exploit the solution within the UK. Projects must exploit the capabilities of second generation quantum technologies. These are defined as those involving the generation and coherent control of quantum states, resulting in phenomena such as superposition or entanglement.
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:
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Increase amount of re-cycled/re-used materials
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Reduce CO2 emissions.
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Reduce waste.
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Improved productivity
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New or improved products or processes
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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: 15th January 2025
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UK registered businesses can apply for a share of up to £3.7 million for R&D projects that provide digital therapeutics for mental health solutions.
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Projects must undertake industrial research and development in the application of extended reality (XR), to provide mental healthcare therapeutic solutions. Proposals must include the design and features of the solution and how it will be applied.
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Projects must focus on one of the following:
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The application of extended reality
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Solutions for moderate and severe mental health conditions
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Solutions that can be applied at all clinical levels
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Competition closes: 4th December 2024​
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The aim of this competition is to deliver innovative products, services and experiences to address challenges that have been identified within the Welsh media industry, through R&D funding.
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Projects must:
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Aim to provide solutions with proven feasibility, that address challenges or opportunities that you have identified
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Demonstrate a realistic potential to deliver economic growth
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Be an idea that is set for rapid commercialisation following project completion
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Actively share knowledge and outputs with Media Cymru
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Align with at least one of Media Cymru's strategic pillars
Competition closes: 6th December 2024
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UK registered organisations can apply for a share of up to £2 million to enhance UK and German collaborations in emerging fields of technology.
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Projects must demonstrate:
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a clear game-changing or disruptive innovative idea leading to new products, processes or services
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a strong and deliverable business proposal within your application that addresses and documents, market potential and needs
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sound, practical financial plans and timelines
good value for money -
how you intend to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, within 2 to 3 years of project completion
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clear potential to significantly benefit the UK economy or national productivity
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the benefit of participants from the countries working together and how this adds value
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a clear definition of where intellectual property (IP) can be used and shared between the participants and countries
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a clear route to market within 2 to 3 years of project completion
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