Question 1

What types of grants are available for ocean drilling businesses?

Accepted Answer

Ocean drilling businesses can typically access grants (non-repayable), soft loans (low interest), tax credits (reduces tax liability), and subsidies. Common focus areas include technology adoption, sustainability improvements, staff training, R&D, and equipment upgrades.

Question 2

Am I eligible for ocean drilling grants?

Accepted Answer

Eligibility varies by grant. Common requirements include being registered as a business in the target country, operating in the relevant industry, meeting size thresholds (often SME-focused), and having a viable project plan. Each grant listing on GrantHub includes specific eligibility criteria.

Question 3

How much funding can ocean drilling businesses receive?

Accepted Answer

Funding amounts vary widely — from micro-grants of a few thousand for equipment purchases to multi-million pound R&D grants. Most SME grants range from £10,000 to £500,000. Tax credits can be worth significantly more. Check individual grant listings for specific funding ranges.

Grants for ocean drilling businesses

Countries with ocean drilling grants

Ocean drilling grants

UK International Ocean Drilling Programme Site Survey Grant

Frequently asked questions