Funding innovation

A report on the impact of equity and grant finance

our reports are read by organisations including:

What’s inside?

Funding Innovation | Beauhurst
Funding Innovation | Beauhurst
Funding Innovation | Beauhurst
Funding Innovation | Beauhurst

The view from the field

We speak to experts from universities, businesses, and funds to discover how they use equity funding in combination with Innovate UK grants

University ranking

Universities are ranked by both number of IUK-funded projects and total IUK grant funding.

Equity investment

When used together with grant funding, equity investment has significant effects on company valuations.

Regional distribution

Both equity and grant finance are regionally concentrated. We look at every region in the UK.

The key findings from this report

Grants into the Russell Group

£ m

Micro projects funded

Grants into pharmaceuticals

47 %

Average pre-money without grants

£ m

Grant funding into North East

3 %

Average grant with equity

£ m

About the authors

mcleod headshot circle

Ben Mcleod

Ben is a specialist in business finance and grant funding. He is a key member of Beauhurst's business development team, building long-term relationships with tech transfer and commercialisation arms of universities, venture capital firms, government and financial services businesses.


Ella halmari

Ella is a visual design and data analysis specialist. She is an expert in data visualisation and content creation, playing a lead role in analysis and production of Beauhurst’s data-driven publications and brand communications. Ella holds a post-graduate diploma in Visual Communication from UAL and the IMC qualification from the CFA Society.

Where does the data come from?

All data featured comes from the Beauhurst platform, a searchable database of the UK’s fastest-growing startups and scaleups.