Enterprise Europe Network
Innovate UK has a been central in the support of innovative SMEs during COVID-19 and so we wanted to highlight its support reach for UK SMEs.
The government, through the Department for Business, Energy & Industrial Strategy (BEIS), channels innovation support for businesses through UK Research and Innovation (UKRI).
Alongside Innovate UK and Research England, those Research Councils are:
Innovate UK funds innovative businesses and connects them with success. Regarding the money, a large part of Innovate UK’s funding for collaborative research and development is channelled through the Industrial Strategy Challenge Fund (ISCF), an important element of the government’s £4.9 billion Industrial Strategy. Innovate UK also funds other R&D and single company grants which falls outside the ISCF challenges, all through highly competitive bidding. Innovate UK supports this with a new Innovation loans programme, aimed at companies in later stages of development and growth.
The Small Business Research Initiative (SBRI) is managed by Innovate UK on behalf of government departments and brings together government challenges and ideas from business to create innovative solutions.
Enterprise Europe Network (EEN) sits in an important place in this landscape as a central part of Innovate UK’s connecting offer. We work closely with partner networks – such as the Knowledge Transfer Network and the Catapult Programme - to offer businesses the right support at the right time to support their growth and development journey.
For innovative businesses looking for help accessing funding, finance and business support, EEN is the central point of access for these services.