At Neon Innovation, we understand that securing grant funding is just the beginning of your project’s journey. The next challenge lies in navigating time-consuming and complex R&D, whilst monitoring grant compliance, tracking expenditures, and meeting reporting and audit obligations.
Successfully delivering a grant funded project depends not only on great R&D management, but also on effective grant management.
Since 2014, companies carrying out Innovate-UK funded projects have failed to receive a total of £540 million in funding due to factors including challenges managing project spend, claim rejection, and clawbacks. Half of all projects had issues, missing out on an average of over £30,000 per project!
Large organisations running multiple projects can afford to employ a dedicated, experienced Grant Manager. However, this is rarely realistic for SMEs, putting their projects at the greatest risk. On average, without support, 10-15% of each SME grant is lost to avoidable management issues.
Neon Innovation offers the solution. Our Grant Management team provides expert support to organisations undertaking grant funded projects to ensure they draw down the funding they deserve, when it’s required, maximising project success.
In short, the subcontracted support of an expert Grant Manager at a significantly lower cost than if you were to recruit – our prices start from just £459 per month!
In short – yes – funding bodies are reassured by grant proposals that demonstrate in-advance planning around project implementation, including sourcing professional, experienced support for project delivery and grant claim management.
For example, a project proposal for one of our clients received the following evaluator feedback from the European Commission:
“It is a positive sign that both partners plan to seek outside assistance to support legal advice, IP management, compliance support and similar matters. This shows that they are not simply trying to do everything themselves, but are actually intending to work with professionals in those areas to ensure smooth and effective implementation of the project.”
With over 25 years’ experience, hundreds of projects successfully delivered and a 100% project success rate with zero clawbacks, you couldn’t be in safer hands.
Contact Wayne Kimberlin to discuss grant management support for your project.
Our grant management support package is broken down across four key areas: contractual requirements, financial requirements, technical delivery, and project exploitation and dissemination.
Neon Navigator was developed and refined over many years by our specialist Grant Management team. It is an exclusive and comprehensive web-based tool, designed to streamline the administration of grant-funded projects, allowing you to easily track project spend and delivery against your contractual obligations.
Access to our Neon Navigator platform is included within our Grant Management service, which is usually an eligible project cost – meaning a significant contribution to the cost is covered by the funding body.
Contact Wayne Kimberlin to request a Neon Navigator software demo.