KEEP+

The KEEP+ programme provides small and medium sized enterprises (SMEs) with matched funding to access academic expertise, supporting the development of new products and services in your business. This Knowledge Exchange scheme offers different routes for you to best benefit from a collaboration with our University and excellent graduate talent, to achieve your future innovation goals:

Knowledge Exchange Embed Partnerships (KEEPs): a three-way collaboration between a university specialist, the company and a graduate employed by the University who will work with the business to achieve agreed goals.

Research and Innovation Collaborations (RICs): a collaborative research and development activity for projects requiring more feasibility work prior to commercialisation.

Costs and eligibility

The KEEP+ Programme is a match funded activity, with part of the cost of each activity being met by the European Regional Development Fund and part by the beneficiary SME. SME match funding contributions are generally 50% for revenue costs and 70% for capital costs.

To qualify for KEEP+ funding, your company needs to meet the European requirement for an SME. This includes:

  • being an enterprise, engaged in economic activity.
  • employing fewer than 250 employees.
  • an annual turnover of less than €50m.
  • owned by no more than 25% by another company.

Consultancy Grants

Keep+ consultancy grants offer small or high value stand-alone grant to contribute to third party business support services.

  • Small Value
    40% funding towards the cost of fast track assistance to contribute to the development of your project. This grant is capped at £9,999 with a total spend not exceeding £24,999 excluding VAT.
  • High Value
    30% funding for higher value consultancy activities. This grant is capped at £59,500 with a total spend not exceeding £199,000 excluding VAT.

For more information about the KEEP+ programme, get in touch with us today at be@herts.ac.uk or call us on +44 (0)1707 286406.