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Grant Funding in the Aerospace & Defence Industry

 

Explore grant funding opportunities from government bodies and private organisations and how they can provide support for research and development initiatives.

 

Government investment in the Aerospace & Defence industry

 

With recent reports that four of the top five recipients receiving the most funding from the UK Government’s innovation agency (Innovate UK) are in the aerospace industry, and the recent announcement of a £273 million investment to improve aerospace innovation technologies, the UK government is keen to encourage further investment in innovation in the aerospace industry.

 

As a result, there are plenty of grant funding options available to help AD&S companies innovate and stay competitive.

 

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What type of aerospace and defence projects are eligible?

European Innovation Council

 

Grants up to €2.5million for consortia of three or more with at least 2 members for EU states. Although there is a specific challenge for “space industries” other applications can be submitted through the “open call” stream which runs four times each year.

Defence & Security Accelerator

 

100% grants up to £130,000 for the development of new technologies which may have defence or security applications.

NATEP

 

Grants for collaborative development of technologies with aerospace applications, consortia should include one potential end-user or customer.

STEP

 

Grants for collaborative development of technologies with Space applications

DTEP

Grants for collaborative development of technologies with Defence applications

Innovate UK Innovation Loans

Loans up to £2.0 million to support later stages of research & development. Each round of funding is focussed on specific technology themes. With flexible repayment terms and competitive interest rates.

DASA Defence Innovation Loans

 

 Loans up to £1.6million for development and commercialisation of technology/products with defence applications. Again flexible terms and competitive interest rates.

What we can do for you

 

1. Grant Sourcing:

 

We review all available sources to find the grant that is right for you, rather than opting for the most obvious one: Innovate UK, NATEP/DTEP/STEP/DASA and Horizon Europe/ European Innovation Council.

 

We look at all available forms of innovation support – other than grants:

 

→ Knowledge Transfer Programme, Made smarter programme, and the Made Smarter Sustainability Accelerator

→ Innovate UK Innovation Loans

→ Defence Innovation Loans

 

2. Proposal writing & pitch preparation

 

✅   Justifying the case for grant funding

 

✅   Confirming innovativeness of proposals

 

✅   Explaining the value-add of successful projects to the wider community in the UK; the company, its collaborators, supply chain, industry sector.

Our customers say…

The process of claiming R&D tax relief with ABGi was painless and the outcome exceeded our expectations.Their Technical Analysts’ knowledge is fantastic, they fully understood our engineering business and products, with minimal input from our staff. Everyone at Cajero is really busy running the business, ABGi appreciated this, accommodating the time pressures from our side and kept our work to a minimum.

Alex Harding, CEO
Cajero Limited

We were not aware of any R&D incentives that could be applicable to our company. However after our accountants introduced us to ABGi, we were impressed from day one! The understanding achieved by their analysts of our processes really was significant; few professional bodies we have encountered had their level of engineering expertise, thus giving us the confidence to move forward with a claim.

Jon Pitt, Financial Director
L.M.g. Solutions Ltd

Like with many companies, we are constantly busy and at the start of our journey with ABGI, we weren’t sure if the effort would be worth the benefit. Luckily this wasn’t a feeling that lasted for long, as it was surprisingly straightforward and not as much paperwork as first expected.  We were totally stunned at the amount claimed, we really couldn’t believe it. The tax benefit has since allowed us to reinvest the money, buy new machinery and hire 2 new people.

Rod Wah, Managing Director
Beverston Engineering

Let’s get started

 

For a free consultation and analysis of the potential returns you might expect from your projects, contact the ABGi UK Team:

 

get in touch to find out more