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Innovation fund to tackle infrastructure issues

Innovation

A £15M fund has been made available for UK businesses to develop innovative solutions to challenges in infrastructure systems.

Innovate UK has set up the fund to invest up to £15M in projects to stimulate innovation that creates UK business growth in infrastructure systems saying it wanted businesses to collaborate to develop new integrated solutions and new business models.

The government body said that it was looking to fund a portfolio of projects which could include technical feasibility, industrial research or experimental development projects.

Projects are expected to range in size from total eligible costs of £25,000 to £5M and last between three months and three years.

It said that projects must show significant innovation in one of its priority areas:

  • ‘smart’ infrastructure
  • energy systems
  • connected transport
  • urban living

Registration must be completed before midday on 15 March and the closing date for applications is midday on 22 March.

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