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 West of England 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: We are unable to advise on individual tax implications. You should approach your accountant or other specialist adviser.
Q: Can I use an I4G grant to part fund a capital expenditure project (new property/buildings, etc)?
A: I4G supports R&D projects and so any capital purchases need to directly relate to R&D activity. Land/building purchases are not eligible.
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. There are no additional costs associated.
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.