DRIVE35 innovation fund: collaborate three
Innovate UK
What it funds
UK registered organisations can apply for a share of up to £20 million for late stage collaborative research and development projects.
Who can apply
This competition is open to collaborations only. To lead a collaborative project your organisation must be a UK registered business.
Last checked against the official source: see database refresh schedule. Scheme parameters are set by the funder and can change — verify before applying, or let us do it for you.
Related schemes
Analysis for Innovators (A4I)
Innovate UK
Periodic programme giving businesses funded access to national measurement laboratories (NPL, LGC, NEL) to solve productivity, quality and measurement problems no commercial lab can crack.
Patent Box
HM Revenue & Customs
Reduces corporation tax to an effective 10% on profits attributable to patented inventions and certain other IP rights.
R&D Tax Relief (Merged Scheme & ERIS)
HM Revenue & Customs
Corporation tax relief on qualifying R&D expenditure. Merged scheme gives a 20% above-the-line credit (~15-16% net); loss-making R&D-intensive SMEs can claim enhanced support (ERIS) worth up to ~27p per £1 of qualifying spend.