Innovate UK is developing new funding and support packages for innovative SMEs
Updated 10 July 2025
At Innovate UK, we understand that start-ups face unique challenges in their early stages and need tailored support to navigate the complexities of innovation, sustainability and scaling.
With this understanding, we are rethinking how we work with innovative startups and SMEs to better serve their needs.
In January 2025, we paused our Innovate UK Smart Grants offer, while we continue our work with startups and SME communities in determining how we can better serve these businesses, through funding and other support products.
We can now confirm that there will be no Smart rounds in the financial year 2025/26. Planning for future funding programmes or pilots will be carefully considered as part of Innovate UK’s long-term strategy.
Smart has always complemented our targeted programmes by offering open, responsive funding. We’re taking the time to ensure any future approach reflects today’s innovation landscape and has strong strategic alignment to help drive UK economic growth.
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Start-up Connect
Creating a new business to take an idea from concept to commercialisation can be a challenge when you don’t know where to go for support. Innovate UK Start-up Connect puts your business growth journey at the heart of how and when we support you.