SMART: SCOTLAND Programme

This grant funding scheme, part financed by ERDF and managed by the Scottish Executive, is designed to assist SME’s in researching, developing and exploiting new, technically innovative products with good commercial potential.  These objectives are to be achieved by providing grants on a discretionary basis for:

Technical & Commercial Feasibility Studies Is available at 75% of the eligible project costs.  Projects must last between 6 and 18 months and the maximum grant is £70,000, with 1/3 of the grant paid upfront when the project starts.  The remainder of the grant is normally paid quarterly in arrears against claims submitted.

Grants for R&D Projects Grants of 35% of the eligible project costs, up to a maximum grant of £600,000, are available to SME’s to enable them to develop a pre-production prototype of a new product or process.  Grant is normally paid quarterly in arrears against claims submitted. Projects must last between 6 and 36 months, and have minimum eligible costs of £75,000.

Any SME that meets the SMART: SCOTLAND eligibility criteria may apply for a SMART R&D grant, irrespective of whether or not they receive support under SMART for a feasibility study.

In addition, grant recipients will be given the opportunity to receive a Market Research and Business Review Report to help them to maximise the full market potential of their project.

For further information see www.scotland.gov.uk

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