Funding solutions
UK Innovation Grant Advance Funding
Don’t wait 6 months for your next grant payment. Access 80% of your innovation funding to use right now.
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PROTECT YOUR CASH FLOW
What is Grant Advance Funding?
Grant advance funding is a type of SME finance that allows you to access the money owed to you in your next innovation grant payment up to 6 months early. This gives you the working capital you need to bridge the gap between funding your R&D project and receiving a grant payment to cover those costs retrospectively.
If you’ve been awarded a grant from Innovate UK, Horizon Europe, SBRI, BEIS or ESA, you could access up to 80% of the grant amount up to 2 quarters in advance. You won’t have to repay your advance until you receive your grant payment.That way, you can confidently meet your grant milestones on time without having to worry about cash flow.
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What are the benefits of Grant Advance Funding?
Here are just some of the advantages of Grant Advance Funding:
- Access funding for the next milestone before the current one has been completed
- Strengthen your position ahead of the next round of grant funding by showing access to increased capital
- Shorten the time between delivering your milestones and waiting for the grant payment to ease the pressure on your cash flow
- Get an injection of working capital without having to give up any valuable equity or assets
- No monthly repayments – just a single one once the company receives the grant payment
Are You Eligible?
Find out if you are eligible to get access to your grant advance funding now...
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You can apply for Rocking Horse funding in just a few easy steps
Get in touch to start your application
Tell us about your business and funding needs. Apply online in just 10 minutes. Provide a few necessary documents.
Credit assessment and funding approval
We’ll use the information and documents you provide to assess your application for funding.
Sign the legal documents and get funding immediately
When your application is approved, we’ll send you the relevant legal documents to sign. Once done, we'll advance you at least the first 2 quarterly instalments of your innovation grant within 48 hours.
Repay your UK Innovation Grant Advance
You’ll repay your advance at the end of each quarter when you receive your grant payment from the grant provider. You can also choose to roll the funding over and top up your advance instead. Access the funding as and when you need it throughout the duration of the grant.
Calculate My Advance
How much money can you access now? A faster way to get your annual R&D tax credit refund throughout the financial year. Using the calculator below get an estimate on how much capital you can unlock now.
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