Frequently asked questions

Q: Can other public monies I have secured (InnovateUK, Research Councils, etc) be used to fund my project contribution?

A: No.  A key reason for the existence of I4G programme is the encouragement of growth in the South West economy through private sector investment. As a result, other public monies are not an eiligble form of match funding.


Q: How does a grant under I4G affect de minimis State Aid?

A: I4G falls under a separate EU State Aid mechanism (General Block Exemption Regulation) and does not impact de minimis.


Q: How does a grant under I4G affect my ability to claim R&D tax credits?

A: The whole of an SME's eligible R&D project costs - whether paid for by its own contribution or its I4G grant - attracts R&D tax credits at the 'large company' rate. For R&D outside of the funded project, the company can claim at the 'small company' rate.


Q: Can I use an I4G grant to part fund a capital expenditure project (new property/buildings, plant, equipment, etc)?

A: No.  I4G supports R&D projects and any capital purchases need to directly relate to R&D activity. If you require capital project funding you should contact the South West Growth Fund, an RGF programme run by Plymouth University and SWMAS Ltd.


Q: What is the time frame for the due diligence checks and will I be liable for additional costs associated with the process?

A: The time frame is dependent on the type of business and grant size. All costs are covered by the 5% admin fee.


Q: What is the process in relation to the admin fee? Paying cash upfront will affect my ability to carry out the project...

A: No cash will be required up front. An invoice for the admin fee will be sent after the first grant installment is paid.


Q: Can the admin fee be taken out of my I4G grant, or be referenced as part of my required contribution to the project?

A: No. The fee is an ineligible, separate cost and cannot be recovered from the grant, or reported as part of your contribution.


Q: What is the cash flow profile? Will there be an upfront payment and then quarterly reimbursement?

A: Payments are quarterly in arrears. Your quarterly report will include details of costs incurred and associated evidence.


Q: Is there anything I need to be aware of with regard to VAT?

A: If your company is VAT registered the I4G fund will reimburse up to 35% of the net amount you spend. You will subsequently reclaim your VAT through your VAT return.


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