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SMART Flexible Innovation Support (SMART FIS)

SMART FIS

Supports Welsh organizations pursuing research, development, and innovation through partnerships and grants.

Between cyclesWelsh GovernmentUnited Kingdom
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About

SMART Flexible Innovation Support (SMART FIS) is the Welsh Government's £20 million rolling innovation umbrella, launched in June 2023 as part of a £30 million innovation package and administered through Business Wales. The programme replaced legacy ESF-funded schemes following the end of European Social Fund support in Wales post-Brexit. It is open on a continuous basis to any organisation — incl…

What this grant funds

Research, development, and innovation activities across all sectors for organisations based or operating in Wales, delivered through collaborative partnerships, digital productivity diagnostics, or discretionary RD&I cash grants aligned with the Welsh Government Innovation Strategy.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.£20M
Funding analytics

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Industries

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Eligibility criteria

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Application process

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Timeline

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Last verified: 22 Jul 2026Source: businesswales.gov.wales