Funding innovation
A report on the impact of equity and grant finance

What’s inside?




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
Micro projects funded
Grants into pharmaceuticals
Average pre-money without grants
Grant funding into North East
Average grant with equity
About the authors

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.
