Funding competition UK and South Korea data driven urban innovation Bi-Lateral

UK registered businesses can apply for a share of up to £1 million for CR&D projects with South Korea in this competition. The UK funding is from Innovate UK

This competition is now closed.

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Competition sections

Description

Innovate UK, part of UK Research and Innovation, will invest up to £4 million across the 2 Phases of this competition. Innovate UK will work with the Korea Agency for Infrastructure Technology Advancement (KAIA) who will match the UK funding to support the South Korean partners.

This is a two phase bi-lateral collaborative research and development (CR&D) competition.

The aim of this competition is to fund business led, collaborative research and development (CR&D) projects which link activities in the UK and South Korea.

Projects must focus on exploring the potential of proposed data driven innovations in cities that will deliver positive impact around key urban issues.

This competition has four themes and you must select the theme you are focused on. If your proposed solution falls outside of the first three themes, or significantly cuts across those three theme areas, you must select theme 4.

Themes:

  1. Mobility Innovation Solutions.
  2. Disaster Management Solutions.
  3. Net-Zero Energy Optimisation Solutions.
  4. Other Data-centric Innovative Solutions.

In this phase 1 competition, £1 million is available to fund UK organisations undertaking collaborative feasibility projects of up to eight months. South Korea is investing an equivalent amount to fund South Korean participants.

Projects which have successfully participated in phase 1, may be invited by Innovate UK, to apply into phase 2 of this competition.

During phase 2, your project must be collaborative and enhance your innovation with improvements through comprehensive testing and iteration in real or representative settings. You must work with potential future customers and users.

Phase 2 projects will be up to two years and the results must be commercialised at the end of phase 2.

UK registered businesses must collaborate with at least one South Korean non-linked registered business applying under the equivalent KAIA programme.

UK registered organisations must apply through the Innovation Funding Service (IFS) portal to Innovate UK.

Your South Korean partner will not receive any funding from Innovate UK.

South Korean partners must apply to, and will be funded by, KAIA for the South Korean component of the project set out in this application.

In applying to this competition, you are entering into a competitive process. This competition has a funding limit, so we may not be able to fund all the proposed projects. It may be the case that your project scores highly but we are still unable to fund it.

This competition closes at 11am UK time on the deadline stated in this Innovate UK competition brief. We cannot guarantee other government or third party sites will always show the correct competition information.

The project must be independently selected by both Innovate UK and South Korea to be awarded funding.

Funding type

Grant

Project size

UK partners grant funding request for Phase 1 must be between £50,000 and £120,000.

Accessibility and Inclusion

We welcome and encourage applications from people of all backgrounds and are committed to making our application process accessible to everyone. This includes making reasonable adjustments, for people who have a disability or a long-term condition and face barriers applying to us.

You can contact us at any time to ask for guidance.

We recommend you contact us at least 15 working days before this competition’s closing date to allow us to put the most suitable support in place. The support we can provide may be limited if you contact us close to the competition deadline.

You can contact Innovate UK by email or call 0300 321 4357. Our phone lines are open from 9am to 12pm and 2pm to 5pm UK time, Monday to Friday (excluding bank holidays).

Who can apply

Your project

For UK applicants, your phase 1 project must:

  • have a grant funding request between £50,000 and £120,000
  • last between 6 to 8 months
  • collaborate with a South Korean partner which is successful in securing funding for this programme from Korea Agency for Infrastructure Technology Advancement (KAIA)
  • start by 1 July 2024
  • end by 28 February 2025

The project work must be undertaken in the UK and South Korea.

The consortium must include at least one business registered in South Korea that is a separate legal entity and not linked to the UK partners. This is to ensure that projects encourage genuine international collaboration, not internal company research. Linked companies are considered a single entity under the parent company.

Your project must demonstrate a balanced technological contribution by the participants from both countries and must be equally significant to all participants.

No one country or project partner can represent more than 70% of the total combined project cost across the UK and South Korea.

To be successful in securing funding in this Phase 1 competition both UK and South Korean partner applications must be awarded funding.

Applications identified as not eligible by either Innovate UK or South Korea will not be sent for assessment.

Your proposal must demonstrate a clear intention to commercially exploit the results of the project domestically or globally.

Projects must always start on the first of the month and this must be stated within your application. Your project start date will be reflected in your grant offer letter if you are successful.

You must only include eligible project costs in your application.

Under current restrictions, this competition will not fund any procurement, commercial, business development or supply chain activity with any Russian or Belarusian entity as lead, partner, or subcontractor. This includes any goods or services originating from a Russian or Belarusian source.

If your project’s grant funding request or duration falls outside of our eligibility criteria, you must provide justification by email to support@iuk.ukri.org at least 10 working days before the competition closes. We will decide whether to approve your request.

If you have not requested approval or your application has not been approved by us, you will be made ineligible. Your application will then not be sent for assessment.

UK lead organisation

To start and lead an application on the Innovation Funding Service (IFS), your organisation must be a UK registered business of any size.

The ‘lead applicant’, is the organisation that starts the application on the Innovation Funding Service. This must be a UK organisation.

More information on the different types of organisation can be found in our Funding rules.

UK Project team

As a UK partner, to collaborate with the lead, your organisation must be one of the following UK registered:

  • business of any size
  • academic institution
  • research and technology organisation (RTO)
  • charity
  • not for profit
  • local authority or other public sector organisations

We welcome applications which include participants from:

  • social housing providers
  • city authorities
  • living lab facilities

Only UK registered partners must be listed in the Project Partner section of your application on the Innovation Funding Service (IFS). The funding provided to the UK partners will be made under the research and development innovation (RD&I) streamlined route.

Your South Korean partner will not receive any of this UK competition funding. South Korean partners will be funded by KAIA following a parallel application.

Each organisation in your consortium will receive funding from its respective national funding body.

Each UK partner organisation must be invited into the Innovation Funding Service by the lead to collaborate on a project. Once partners have accepted the invitation, they will be asked to login or to create an account in the Innovation Funding Service. They are responsible for entering their own project costs and completing their Project Impact questions in the application.

South Korean partners

Each UK project must collaborate with a South Korean partner. South Korean partners must not be invited into Innovate UK’s application on the Innovation Funding Service.

South Korean partners will be funded by KAIA following a parallel application. South Korean collaborators must apply for funding separately through the Korea Agency for Infrastructure Technology Advancement (KAIA).

You must work very closely with your South Korean partners during application development. You must bear in mind that KAIA’s eligibility and timelines may be slightly different to the UK process.

Non-funded UK partners

Your project can include partners that do not receive any of this competition’s funding. Their costs will count towards the total project costs.

Subcontractors

Subcontractors are allowed in this competition.

Subcontractors can be from anywhere in the UK and you must select them through your usual procurement process.

You can use subcontractors from overseas but must make the case in your application as to why you could not use suppliers from the UK.

You must provide a detailed rationale, evidence of the potential UK contractors you approached and the reasons why they were unable to work with you. We will not accept a cheaper cost as a sufficient reason to use an overseas subcontractor.

All subcontractor costs must be justified and appropriate to the total project costs.

Number of applications

A business can only lead on one application but can be included as a collaborator in one further application.

If a business is not leading any application, it can collaborate in any number of applications.

Academic institutions, research and technology organisation (RTO), charities, not for profit, local authorities or other public sector organisations can collaborate on any number of applications.

Use of animals in research and innovation

Innovate UK expects and supports the provision and safeguarding of welfare standards for animals used in research and innovation, according to best practice and up to date guidance.

Applicants must ensure that all of the proposed work within projects, both that in the UK and internationally, will comply with the UKRI guidance on the use of animals in research and innovation.

Any projects selected for funding which involve animals will be asked to provide additional information on welfare and ethical considerations, as well as compliance with any relevant legislation as part of the project start-up process. This information will be reviewed before an award is made.

Previous applications

You can use a previously submitted application to apply for this competition.

You can make a maximum of two submissions to Innovate UK with any given proposal. If Innovate UK judges that your proposal is not materially different from your previous proposal, it will be counted towards this maximum.

If your application goes through to assessment and is unsuccessful, you can reapply with the same proposal once more.

We will not award you funding if you have:

Subsidy control (and State aid where applicable)

This competition provides funding in line with the Subsidy Control Act 2022. Further information about the Subsidy requirements can be found within the Subsidy Control Act 2022 (legislation.gov.uk).

Innovate UK is unable to award organisations that are considered to be in financial difficulty. We will conduct financial viability and eligibility tests to confirm this is not the case following the application stage.

EU State aid rules now only apply in limited circumstances. Please see the Windsor Framework to check if these rules apply to your organisation.

Further Information

If you are unsure about your obligations under the Subsidy Control Act 2022 or the State aid rules, you should take independent legal advice. We are unable to advise on individual eligibility or legal obligations.

You must always make sure that the funding awarded to you is compliant with all current Subsidy Control legislation applicable in the United Kingdom.

This aims to regulate any advantage granted by a public sector body which threatens to, or actually distorts competition in the United Kingdom or any other country or countries.

Funding

Up to £4 million has been allocated to fund UK organisations for innovation projects over the two phases of this competition. Funding will be in the form of a grant. Phase 1 will fund up to £1 million for feasibility studies projects.

If your organisation’s work on the project is commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically but for the purpose of this project will be undertaking commercial or economic activity.

For feasibility studies, you could get funding for your eligible project costs of:

  • up to 70% if you are a micro or small organisation
  • up to 60% if you are a medium sized organisation
  • up to 50% if you are a large organisation

For more information on company sizes, please refer to the company accounts guidance.

If you are applying for an award funded under State aid Regulations, the definitions are set out in the European Commission Recommendation of 6 May 2003.

Research participation

The UK research organisations undertaking non-economic activity as part of the project can share up to 40% of the total eligible project costs. If your consortium contains more than one research organisation undertaking non-economic activity, this maximum is shared between them. Of that 40% you could get funding for your eligible project costs of up to:

  • 80% of full economic costs (FEC) if you are a Je-S registered institution such as an academic
  • 100% of your project costs if you are an RTO, charity, not for profit organisation, public sector organisation (including city authorities), or research organisations (including social housing providers and providers of Living Lab facilities)

Your proposal

The aim of this competition is to fund business led, collaborative research and development (CR&D) projects which link activities in the UK and South Korea.

Your project must focus on exploring the potential of proposed data driven innovations in cities that will deliver positive impact around key urban issues such as:

  • sustainability
  • liveability
  • resilience
  • inclusiveness
  • safety

This list is not exhaustive.

The scope for this competition is broad and is aligned to the priorities of KAIA which focus on:

  • land
  • infrastructure
  • transportation research and development (R&D)

Your project must demonstrate an effective collaboration with a South Korean partner applying for funding through KAIA.

Portfolio approach
We want to fund a variety of projects across different themes, technologies, technological maturities, location and research categories. We call this a portfolio approach.

Specific themes

This competition has four themes and you must select the theme you are focused on. If your proposed solution falls outside of the first three themes, or significantly cuts across those three theme areas, you must select theme 4.

Themes:

  1. Mobility Innovation Solutions.
  2. Disaster Management Solutions.
  3. Net-Zero Energy Optimisation Solutions.
  4. Other Data-centric Innovative Solutions.

Research categories

In this phase of the competition we will fund feasibility studies as defined in the guidance on categories of research.

Projects we will not fund

We are not funding projects that:

  • duplicate existing technology
  • do not collaborate with a South Korea partner which secures funding from KAIA

We cannot fund projects that are:

  • dependent on export performance, for example, giving a subsidy to a baker on the condition that it exports a certain quantity of bread to another country
  • dependent on domestic inputs usage, for example, giving a subsidy to a baker on the condition that it uses 50% UK flour in their product
10 January 2024
Competition opens
11 January 2024
Online briefing event: watch the recording
21 February 2024 11:00am
Competition closes
3 April 2024
Applicants notified

Before you start

You must read the guidance on applying for a competition on the Innovation Funding Service before you start.

Before submitting, it is the UK lead applicant’s responsibility to make sure:

  • that all the information provided in the application is correct
  • your proposal meets the eligibility and scope criteria
  • all sections of the application are marked as complete
  • that all UK partners have completed all assigned sections and accepted the terms and conditions (T&Cs)

You can reopen your application once submitted, up until the competition deadline. You must resubmit the application before the competition deadline.

What we ask you

The application is split into four sections:

  1. Project details.
  2. Application questions.
  3. Finances.
  4. Project Impact.

Accessibility and inclusion

We welcome and encourage applications from people of all backgrounds and are committed to making our application process accessible to everyone. This includes making reasonable adjustments, for people who have a disability or a long-term condition and face barriers applying to us.

You can contact us at any time to ask for guidance.

We recommend you contact us at least 15 working days before this competition’s closing date to allow us to put the most suitable support in place. The support we can provide may be limited if you contact us close to the competition deadline.

You can contact Innovate UK by email or call 0300 321 4357. Our phone lines are open from 9am to 12pm and 2pm to 5pm UK time, Monday to Friday (excluding bank holidays).

1. Project details

This section provides background for your application and is not scored.

Application team

Decide which organisations will work with you on your project and invite people from those organisations to help complete the application.

Application details

Give your project’s title, start date and duration.

Research category

Select the type of research you will undertake.

Project summary

Describe your project briefly and be clear about what makes it innovative. We use this section to assign the right experts to assess your application.

Your answer can be up to 400 words long.

Public description

Describe your project in detail and in a way that you are happy to see published. Do not include any commercially sensitive information. If we award your project funding, we will publish this description. This could happen before you start your project.

Your answer can be up to 400 words long.

Scope

Describe how your project fits the scope of the competition. If your project is not in scope it will not be sent for assessment. We will tell you the reason why.

Your answer can be up to 400 words long.

2. Application questions

The assessors will score all your answers apart from question 1, 2 and 3. You will receive feedback for each scored question. Find out more about how our assessors assess and how we select applications for funding.

You must answer all questions. Your answer to each question can be up to 400 words long. Do not include any website addresses (URLs) in your answers.

Question 1. Applicant location (not scored)

You must state the name and full registered address of your organisation and any partners or subcontractors working on your project. You must also include the name and details of your South Korea partner.

We are collecting this information to understand the geographical location of all applicants.

Question 2. Animal testing (not scored)

Will your project involve any trials with animals or animal testing?

You must select one option:

  • Yes
  • No

We will only support innovation projects conducted to the highest standards of animal welfare.

Further information for proposals involving animal testing is available at the UKRI Good Research Hub and NC3R’s animal welfare guidance.

Question 3. Permits and licences (not scored)

Will you have the correct permits and licences in place to carry out your project?

We are unable to fund projects who do not have the correct permits or licences in place by your project start date.

You must select one option:

  • Yes
  • No
  • In process of being applied for
  • Not applicable

Question 4. Need or challenge

What is the business need, technological challenge, or market opportunity behind your innovation?

Explain:

  • the main motivation for the project
  • the business need, technological challenge or market opportunity
  • whether you have identified any similar innovation and its current limitations, including those close to market or in development
  • any work you have already done to respond to this need, for example, if the project focuses on developing an existing capability or building a new one
  • the wider economic, social, environmental, cultural or political challenges which are influential in creating the opportunity, such as incoming regulations

Question 5. Approach and innovation

What approach will you take and where will the focus of the innovation be?

Explain:

  • how you will respond to the need, challenge or opportunity identified
  • how you will improve on any similar innovation that you have identified
  • whether the innovation will focus on existing technologies in new areas, the development of new technologies for existing areas, or a totally disruptive approach
  • the freedom you have to operate
  • how this project fits with your current product, service lines or offerings
  • how it will make you more competitive
  • the nature of the outputs you expect from the project, for example, reports, demonstrator, know-how, new process, product or service design, and how these will help you to target the need, challenge or opportunity identified

You can submit one appendix to support your answer. It can include diagrams and charts. It must be a PDF, up to 2 A4 pages long and no larger than 10MB in size. The font must be legible at 100% zoom.

Question 6. Team and resources

Who is in the project team and what are their roles?

Explain:

  • the roles, skills and experience of all members of the project team that are relevant to the approach you will be taking
  • the resources, equipment and facilities needed for the project and how you will access them
  • the details of any vital external parties, including subcontractors, who you will need to work with to successfully carry out the project
  • if your project is collaborative, the current relationships between project partners and how these will change as a result of the project
  • which South Korea partner you plan to work with, and how this collaboration strengthens both the UK and South Korean proposals
  • any roles you will need to recruit for

You can submit one appendix, with a short summary of the main people working on the project to support your answer. It must be a PDF, up to 4 A4 pages long and no larger than 10MB in size. The font must be legible at 100% zoom.

Question 7. Market awareness

What does the market or markets you are targeting look like?

Describe:

  • the target markets for the project outcomes and any other potential markets, either domestic, international or both
  • the size of the target markets for the project outcomes, backed up by references where available
  • the structure and dynamics of the target markets, including customer segmentation, together with predicted growth rates within clear timeframes
  • the target markets’ main supply or value chains and business models, and any barriers to entry that exist
  • the current UK position in targeting these markets
  • the size and main features of any other markets not already listed

If your project is highly innovative, where the market may be unexplored, describe or explain:

  • what the market’s size might be
  • how your project will try to explore the market’s potential

Question 8. Outcomes and route to market

How are you going to grow your business and increase long term productivity as a result of the project?

Explain:

  • your current position in the markets and supply or value chains outlined, and whether you will be extending or establishing your market position
  • your target customers or end users, and the value to them, for example, why they would use or buy your product
  • your route to market
  • how you are going to profit from the innovation, including increased revenues or cost reduction
  • how the innovation will affect your productivity and growth, in both the short and the long term
  • how you will protect and exploit the outputs of the project, for example, through know-how, patenting, designs or changes to your business model
  • your strategy for targeting the other markets you have identified during or after the project

If there is any research organisation activity in the project, describe:

  • your plans to spread the project’s research outputs over a reasonable timescale
  • how you expect to use the results generated from the project in further research activities

Question 9. Wider impacts

What impact might this project have outside the project team?

Describe and, where possible, measure the economic benefits from the project such as productivity increases and import substitution, to:

  • external parties
  • customers
  • others in the supply chain
  • broader industry
  • the UK economy

Describe and, where possible, measure:

  • any expected impact on government priorities
  • any expected environmental impacts, either positive or negative
  • any expected regional impacts of the project

Describe any expected social impacts, either positive or negative, on, for example:

  • quality of life
  • social inclusion or exclusion
  • jobs, such as safeguarding, creating, changing or displacing them
  • education
  • public empowerment
  • health and safety
  • regulations
  • diversity

Question 10. Project management

How will you manage your project effectively?

Explain:

  • the main work packages of your project, indicating the lead partner assigned to each and the total cost of each one
  • your approach to project management, identifying any major tools and mechanisms you will use to get a successful and innovative project outcome
  • the management reporting lines
  • your project plan in enough detail to identify any links or dependencies between work packages or milestones

You must submit a project plan or Gantt chart as an appendix to support your answer. It must be a PDF, up to 2 A4 pages long and no larger than 10MB in size. The font must be legible at 100% zoom.

Question 11. Risks

What are the main risks for this project?

Explain:

  • the main risks and uncertainties of the project, including the technical, commercial, managerial and environmental risks
  • how you will mitigate these risks
  • any project inputs that are critical to completion, such as resources, expertise, and data sets
  • any output likely to be subject to regulatory requirements, certification, ethical issues and other requirements identified, and how you will manage this

You must submit a risk register as an appendix to support your answer. It must be a PDF, up to 2 A4 pages long, and no larger than 10MB in size. The font must be legible at 100% zoom.

Question 12. Added value

How will this public funding help you to accelerate or enhance your approach to developing your project towards commercialisation? What impact would this award have on the organisations involved?

Explain:

  • what advantages public funding would offer your project, for example, appeal to investors, more partners, reduced risk or a faster route to market
  • the likely impact of the project outcomes on the organisations involved
  • what other routes of investment or means of support you have already approached and why they were not suitable
  • how any existing or potential investment or support will be used in conjunction with the grant funding
  • what your project would look like without public funding
  • how this project would change the R&D activities of all the organisations involved
  • how your project will improve collaboration between the UK and South Korean partners involved

Question 13. Costs and value for money

How much will the project cost and how does it represent value for money for the team and the UK taxpayer?

In terms of your project goals, explain:

  • your total project costs
  • the grant you are requesting
  • how each partner requesting grant funding from Innovate UK, will finance their contributions to your project
  • how this project represents value for money for you and the UK taxpayer
  • how it compares to what you would spend your money on otherwise
  • the allocation of total project costs for all UK and South Korean project partners, any subcontractor costs and why they are critical to your project

3. Finances

Each UK organisation in your project must complete their own project costs, organisation details and funding details in the application. Academic institutions must complete and upload a Je-S form.

For full details on what costs you can claim see our project costs guidance. You can also view our Application Finances video.

4. Project Impact

This section is not scored but will provide background to your project.

Each UK partner must complete the Project Impact questions before being able to submit the application.

More information can be found in our Project Impact guidance and by viewing our Impact Management Framework video.

Background and further information

Places all face the same basic set of underlying challenges, for example, transport, energy, heating, housing, jobs. By linking international innovators who are solving similar challenges slightly differently, it can help build more robust and resilient solutions that can manage a wider range of operating conditions. This improves their effectiveness and opens wider market opportunities elsewhere to sell into.

In this programme, Innovate UK is working with the Korean Agency for Infrastructure Technology Advancement (KAIA) to establish and enhance collaborations between UK and South Korean projects to the benefit of all participants.

KAIA is the Korean Government agency responsible for advancing and promoting infrastructure technology development.

Data sharing

This competition is jointly operated by Innovate UK, and the Korea Agency for Infrastructure Technology Advancement (KAIA) (each an “agency”).

Any relevant information submitted and produced during the application process concerning your application can be shared by one agency with the other, for its individual storage, processing and use.

This means that any information given to or generated by Innovate UK in respect of your application may be passed on to KAIA and vice versa. This would include, but is not restricted to:

  • the information stated on the application, including the personal details of all applicants
  • scoring and feedback on the application
  • information received during the management and administration of the grant, such as Monitoring Officer reports and Independent Accountant Reports

Innovate UK and the KAIA are directly accountable to you for their holding and processing of your information, including any personal data and confidential information. Data is held in accordance with their own policies. Accordingly, Innovate UK, and the KAIA will be data controllers for personal data submitted during the application.

Innovate UK’s Privacy Policy

Innovate UK complies with the requirements of UK GDPR and the Data Protection Act 2018, and is committed to upholding data protection legislation, and protecting your information in accordance with data protection principles.

The Information Commissioner’s Office also has a useful guide for organisations, which outlines the data protection principles.

Find a project partner

If you want help to find a project partner, contact Innovate UK Business Connect.

Innovate UK and KAIA will be establishing an online platform to assist UK and South Korean projects to collaborate on their applications.

Support for SMEs from Innovate UK Business Growth

If you receive an award, you will be contacted about working with an innovation and growth specialist at Innovate UK Business Growth. This service forms part of our funded offer to you.

These specialists focus on growing innovative businesses and ensuring that projects contribute to their growth. Working one-to-one, they can help you to identify your best strategy and harness world-class resources to grow and achieve scale.

We encourage you to engage with Innovate UK Business Growth, delivered by a knowledgeable and objective specialist near you.

Assessment

Your application will be reviewed by up to three UK independent assessors based on the content of your application and their skills or expertise relevant to your project. All of the scores awarded will count towards the total score used to make the funding decision unless you are notified otherwise. UK projects will only be awarded funding if their South Korea partner is also successful in receiving funding from KAIA.

You can find out more about our assessment process in the General Guidance.

Your submitted application will be assessed against these criteria.

Next steps

For UK applicants, if you are successful with this application, you will be asked to set up your project.

You must follow the unique link embedded in your email notification. This takes you to your Innovation Funding Service (IFS) Set Up portal, the tool that Innovate UK uses to gather necessary information before we can allow your project to begin.

You will need to provide:

  • the name and contact details of your project manager and project finance lead
  • a redacted copy of your bank details
  • a collaboration agreement
  • an exploitation plan

In order for us to process your claims, you must make sure you have a valid UK business bank account. It can take several weeks for a new account to be created if required. We recommend starting this process as early as possible to avoid any delays to your project start date.

The bank account which grant is to be paid into must:

  • be a business account in the same name as the organisation listed in IFS
  • be from a UK bank regulated by the Prudential Regulation Authority (PRA)
  • have a cheque and credit clearing facility

Online accounts are eligible as long as they meet the above criteria.

Innovate UK will accept most banking societies apart from:

  • Viva Wallet
  • Intesa Sanpaolo
  • Equals Money UK Limited

If you have any doubts that your bank account will not meet Innovate UK's funding criteria, you can use the sort code checker. If you input the sort code and find a tick next to the ‘BACS Direct Credit payments can be sent to this sort code’, this will give you an indication that the bank account you hold is acceptable.

Finance checks

We will carry out checks to make sure you are an established company with access to the funds necessary to complete the project.

You must check your IFS portal regularly and respond to any requests we have sent for additional information to avoid any delays.

Failure to complete project setup may result in your grant offer being withdrawn.

Your Grant offer letter (GOL)

Once you have successfully completed project setup, we will issue your GOL.

The GOL will be made available on your IFS portal. You will need to sign and upload this for us to approve. Once approved we will send you an email with permission to start your project on your confirmed start date.

You must not start your project before the date stated on your email and GOL. Any costs incurred before your agreed start date cannot be claimed as part of your grant.

If your GOL is approved on or before the fifteenth of the month it will be dated from the first of that month. If your GOL is approved after the fifteenth, it will be dated the first of the next month.

If your application is unsuccessful

If you are unsuccessful with your application this time, you can view feedback from the assessors. This will be available to you on your IFS portal following notification.

Sometimes your application will have scored well, and you will receive positive comments from the assessors. You may be unsuccessful as your average score was not above the funding threshold, your project has not been selected under the portfolio approach if this is applied for this competition, or your South Korea partner was unsuccessful in securing funding from KAIA.

Contact us

If you need more information about how to apply or you want to submit your application in Welsh, email support@iuk.ukri.org or call 0300 321 4357.
Our phone lines are open from 9am to 12pm and 2pm to 5pm, Monday to Friday (excluding bank holidays).

Need help with this service? Contact us