Are UK Companies Eligible for the Horizon Europe EIC Accelerator Grant?

The Horizon Europe EIC Accelerator is one of the most competitive funding programmes available to small and medium-sized enterprises (SMEs) working on high-risk, high-impact innovations. It offers a combination of grant funding and equity investment to help businesses bring disruptive technologies to market.

But with the UK no longer a member of the European Union, a common question arises: can UK companies still apply for the EIC Accelerator Grant?

Post-Brexit Participation in Horizon Europe

Following the UK’s departure from the EU, there was a period of uncertainty over participation in Horizon Europe. In September 2023, the UK government confirmed its association to the programme, meaning UK-based organisations can take part on the same basis as those in EU member states.

This association covers all components of Horizon Europe, including the EIC Accelerator. As a result, eligible UK SMEs can apply for funding, collaborate with European partners, and access the same financial support as their EU counterparts.

What This Means for UK SMEs

UK companies meeting the EIC Accelerator criteria can apply directly without needing an EU-based lead partner. This is a significant opportunity for:

• Technology start-ups seeking to scale rapidly.

• High-growth SMEs with innovations at Technology Readiness Level (TRL) 5 or above.

• Businesses targeting global markets with strong commercial potential.

Applicants will be assessed on the same criteria as those in EU member states, focusing on excellence, impact, and implementation.

Funding Available

The EIC Accelerator offers:

• Grant funding of up to €2.5 million for innovation development.

• Equity investment of up to €15 million for scaling and market entry.

• Business acceleration services to connect innovators with investors and partners.

Preparing a Competitive Application

While eligibility is now clear, competition for the eic accelerator grant remains fierce. Successful applicants typically:

• Demonstrate a breakthrough innovation that is difficult to replicate.

• Provide strong market analysis with evidence of demand.

• Present a robust business plan and financial model.

• Show the capacity and commitment to scale internationally.

Specialist Support for UK Applicants

Navigating the EIC Accelerator’s multi-stage application process can be challenging. Many UK SMEs choose to work with funding specialists to refine their proposals and improve their chances of success. Consultancy firms with European networks, such as FI Group, help businesses interpret requirements, prepare competitive bids, and manage compliance after funding is awarded.

Final Thoughts

The UK’s association to Horizon Europe means that British SMEs once again have full access to the EIC Accelerator. For companies with transformative innovations and global ambitions, this is a valuable route to securing substantial funding and strategic support.