Please find below clarification on the points raised during yesterday’s briefing event.
For confirmation of the definitions of applicant, type, size and activity as well as the state aid section
on economic and non-economic activity, please follow the link below.
https://www.innovateuk.org/-/fundingrules?redirect=https%3A%2F%2Fwww.innovateuk.org%2Fguidance-forapplicants%3Fp_p_id%3D101_INSTANCE_b61wJfKPbeu8%26p_p_lifecycle%3D0%26p_p_state%3Dn
ormal%26p_p_mode%3Dview%26p_p_col_id%3Dcolumn-1%26p_p_col_count%3D1#state
Finance Forms
With regards to the finance forms that are required from participants in a project
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All SME’s and Large businesses in a collaboration are required to complete the Partner
Finance Form1.3.0.xls available on your ftp site.
Other entities completing this finance form include
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Non-profit distributing Research and Technology Organisations (RTO) including Catapults
Public Sector Research Establishments (PSRE) and
Research Council Institutes
Public sector organisations (NHS Trusts are included here) or charities doing research activity
Academic participants can claim 100% of 80% of FEC via the joint electronic submission (Je-S)
system, more details on the Je-S system can be found on page 9 of the Your Project Costs document,
and the figures entered in to the Je-S form must be reproduced on the Academic Finance form
https://www.innovateuk.org/documents/1524978/1866952/Guidance+for+applicants++your+project+costs/bf638484-0581-4605-977a-30e726656dee
Organisations that are eligible to be considered as academic collaborators are registered on JeS and
may include:
- Universities and similar HEI (Higher Education Institution) organisations;
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Government Research Establishments;
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Not-for-Profit Research and Technology Organisations (RTOs).
Claims
There are no upfront payments for any participants within this competition, you can only claim for
eligible costs incurred AND paid between the project start and end dates. Any costs incurred or paid
outside the project dates are ineligible.
Depending on the size of grant awarded, claims will be subject to an independent audit to confirm
that the costs claimed are in line with the terms and conditions of the offer. The audit requirement
will be stated in the Conditional Offer Letter.
All grants are claimable quarterly in arrears (unless otherwise stated in the grant confirmation letter)
and will only be paid once the necessary reporting and audits have been completed. Claims are paid
directly to each participant. It is important that you plan your cash flow requirements to ensure you
can accommodate the funding required for the project.