Government wants businesses, the public sector and universities working together more to put the UK at the forefront of the opportunities created by a technological revolution that will ‘disrupt nearly every sector, creating new opportunities and challenges for people, places and businesses.’ The Industrial Strategy sets out four areas where Britain can lead the global technological revolution. These four Grand Challenges are artificial intelligence and big data; clean growth; the future of mobility; and meeting the needs of an ageing society.
One of the mechanisms in place to help achieve this is the Industrial Strategy Challenge Fund.
The Industrial Strategy Challenge Fund brings together world-class UK research with business investment to develop the technologies and industries of the future and ensure that the UK captures the value of these innovations Read more about the Industrial Strategy Challenge Fund. You can also contact Jon Rawcliffe, Business Development Manager at SEMLEP.
The Industrial Strategy also details a new competitive £115m Strength in Places Fund. This aims to fund projects that develop science and innovation strengths and local business networks and clusters, building on regional economic impact of universities, research institutes, Innovation and Knowledge Centres and Catapults and will link to Local Industrial Strategies.
