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SMART Innovation Funding

SMART Innovation Funding

Funds Welsh organizations developing new or significantly improved products, processes, and services.

OpenWelsh GovernmentUnited Kingdom
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About

SMART Innovation Funding is a discretionary cash grant programme operated by the Welsh Government through Business Wales, sitting under the £20 million SMART Flexible Innovation Support (SMART FIS) umbrella launched in June 2023. The programme is the direct successor to the legacy SMART Cymru cash grant strand, which was previously co-funded by EU Structural Funds and wound down post-Brexit. It pr…

What this grant funds

Research and development of new or significantly improved products, processes, or services by Welsh businesses, social enterprises, public-sector organisations, and knowledge-based institutions to improve competitiveness.

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.—
Funding analytics

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Industries

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Eligibility criteria

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Application process

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What you have to submit

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Timeline

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