Thousands of British organisations will be pleased to learn that the government has confirmed it will guarantee to fulfil funds due on any Horizon 2020 grants won before the UK leaves the European Union.
This statement will provide a degree of reassurance to businesses at what has become a very uncertain time for the UK economic landscape. Following the announcement of the referendum results many businesses have been reluctant to embark on European funding bids as it was unclear how they would be effected once the exit process began. For this reason, applications from UK companies are likely to have fallen giving the latest applicants the best chance of making the cut.
This commitment gives businesses the opportunity to continue accessing this valuable resource for research and innovation funding. It is particularly good news for small companies who can apply for SME instrument grant of up to €2.5million for early stage proof of concept through to bringing products to market. We encourage all tech companies to take advantage of this opportunity while it is still accessible and would be happy to chat to anyone wanting to know more information about the opportunities available. Get in touch with us at firstname.lastname@example.org