FI

Farming Innovation Programme

Europe, Wiltshire, United Kingdom, Swindon

Description

The Farming Innovation Programme (FIP) is a significant government-backed initiative in the United Kingdom, designed to stimulate innovation, research, and development within the agricultural, horticultural, and forestry sectors. Managed by the Department for Environment, Food & Rural Affairs (Defra) in collaboration with UK Research and Innovation (UKRI) through Innovate UK, the programme is a cornerstone of Defra’s broader £270 million investment aimed at fostering a more productive, sustainable, and resilient farming industry in England. Unlike traditional venture capital firms, FIP provides grant funding, meaning it does not take equity in the recipient businesses. Its primary goal is to support projects that address key challenges, improve efficiency, and develop new technologies or practices that benefit farmers, growers, and foresters.

FIP offers various funding streams tailored to different stages of innovation and project scales. These include Feasibility Studies, which support early-stage exploration of novel ideas, and Small and Large R&D Partnerships, which encourage collaboration between businesses and researchers on more developed projects. There are also specific calls under the Farming Futures R&D Fund and an Accelerator Stream designed to help promising innovations reach commercialization. The programme prioritizes projects that contribute to environmental sustainability, enhance food security, and boost economic growth within the rural economy. Eligibility typically requires projects to be based in England and involve a degree of innovation or research.

Typical grant sizes vary significantly depending on the funding stream and project scope. For instance, Feasibility Studies can receive grants from £200,000, supporting initial research and development phases. Larger collaborative R&D projects, particularly those involving small and micro businesses, can potentially secure grants covering up to 70% of eligible project costs, with total project values sometimes reaching £5 million, translating to grants of up to £3.5 million. This substantial financial backing underscores the UK government's commitment to driving technological advancement and sustainable practices across its farming sector, ensuring that the industry remains competitive and environmentally responsible.

Investor Profile

Farming Innovation Programme has backed more than 27 startups, with 0 new investments in the last 12 months alone. The firm has led 26 rounds, about 96% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Grant rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States.
  • Strong thematic focus on Agriculture, Farming, Manufacturing.
  • Typical check size: $254K – $4.4M.

Stage Focus

  • Grant (100%)

Country Focus

  • United Kingdom (96%)
  • United States (4%)

Industry Focus

  • Agriculture
  • Farming
  • Manufacturing
  • Biotechnology
  • Agtech
  • Food And Beverage
  • Environmental Consulting
  • Education
  • Higher Education
  • Universities
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Farming Innovation Programme frequently co-invest with?

UK Research and Innovation
Europe, Wiltshire, United Kingdom, Swindon
Co-Investments: 1

What are some of recent deals done by Farming Innovation Programme?

Moulton Bulb

Moulton, Lincolnshire, United Kingdom

Moulton Bulb is onion, shallot, and garlic specialists, managing the supply chain for growers through to customers.

AgricultureFarmingFood Processing
GrantMay 31, 2023
Amount Raised: $44,715
FA Bio

Harpenden, Hertford, United Kingdom

FungiAlert a disease management device designed to offer detection of plant pathogens.

AgricultureAgTechBiotechnologyHealth Care
GrantMay 31, 2023
Amount Raised: $279,015
Vertical Future

London, England, United Kingdom

Vertical Future is a technology company focused on building a better, more sustainable urban food production and supply system.

AgTechFarmingSoftware
GrantMay 31, 2023
Amount Raised: $917,810
PlantSea

Gaerwen, Isle of Anglesey, United Kingdom

PlantSea manufactures and develops sustainable products using seaweed and aquaculture materials.

AquacultureBiotechnologyPlastics and Rubber ManufacturingRecyclingSustainability
GrantMay 31, 2023
Amount Raised: $484,637
Baker Consultants

Matlock, Derbyshire, United Kingdom

Baker Consultants is an environmental consulting firm that provides surveys, bioacoustics, expert witness, and ecological services.

ConsultingEnvironmental ConsultingEnvironmental Engineering
GrantMay 31, 2023
Amount Raised: $320,786
AgriSound

York, York, United Kingdom

Agri-tech company specialising in advanced sound analysis for monitoring insects

Farming
GrantMay 31, 2023
Amount Raised: $190,172
Russell IPM

Newmarket, Flintshire, United Kingdom

Russell IPM is the leading manufacturer and supplier of innovative biorational pest control technologies company located in Newmarket.

ManufacturingPharmaceutical
GrantMay 31, 2023
Amount Raised: $482,031
Concert Bio

London, England, United Kingdom

Concert Bio helps businesses create optimal microbial communities.

Biotechnology
GrantMay 31, 2023
Amount Raised: $622,263
University of Nottingham

Nottingham, Nottingham, United Kingdom

University College Nottingham was founded in 1877.

EducationHigher EducationUniversities
GrantMay 31, 2023
Amount Raised: $506,055
Seaweed Generation

London, England, United Kingdom

Seaweed Generation is a developer of robotic technologies to harness the power of seaweed cultivation systems to counteract climate change.

Environmental ConsultingRobotics
GrantMay 31, 2023
Amount Raised: $365,467