Non-Dilutive Funding

Non-Dilutive Funding: Powering Innovation Without Equity Loss

Non-dilutive funding enables businesses to fuel growth and innovation without giving up ownership or equity. In the UK and internationally, there is a growing ecosystem of non-dilutive innovation funding options — from government grants and tax incentives to repayable finance mechanisms.

At FI Group, we help companies unlock these funding streams strategically. With deep expertise in R&D Tax Relief, innovation grants, and collaborative funding mechanisms, we ensure your business maximises available support while retaining full control of its equity.

What Is Non-Dilutive Funding?

Non-dilutive funding refers to financial support that does not require the business to give away shares or control in return. Unlike venture capital or angel investment, these funds support innovation and growth without affecting ownership.

Examples include:

Government innovation grants (e.g., Innovate UK, Horizon Europe)
R&D Tax Relief and R&D Expenditure Credit (RDEC)
Patent Box Tax Relief
Public-private partnership funding
Debt finance (e.g. via innovation-aligned lenders)

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Why Choose Non-Dilutive Innovation Funding?

Preserve equity and shareholder value
Fund risky, early-stage R&D projects
Improve cash flow with repayable or non-repayable support
Strengthen innovation capacity without investor dilution
Leverage public credibility to secure future investment

Non-dilutive funding is often the first port of call for startups and scaleups looking to validate their technology before raising external equity.

Speak to An Expert

Our non-dilutive funding specialists work closely with your sector to identify and secure grant and incentive opportunities that align with your strategic objectives, maximising innovation funding without impacting equity.

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