Regulators’ Pioneer Fund

Overview

The Department for Business, Energy and Industrial Strategy (BEIS) will invest up to £10 million over 2 years in regulator-led projects.

The competition’s aim is to promote cutting-edge regulatory practices to help make the UK the world’s most innovative economy, whilst protecting citizens and the environment.

Scope

Projects must:

• help businesses bring innovative products and services to market and demonstrate evidence of demand for change
• align to the Industrial Strategy ‘Grand Challenges’ or otherwise support the Industrial Strategy ambition for the UK to be the world’s most innovative economy
• demonstrate value for money and include matched funding if possible
• be collaborative and bring together multiple bodies to address ‘cross-cutting’ issues that affect several regulators
• show potential for lasting benefits beyond the duration of the project with plans to scale up and spread best practice

Eligibility

To be eligible for funding you must be a body which:

• exercises a ‘regulatory function’, as defined in the Legislative and Regulatory Reform Act
• performs a regulatory function across Scotland, Wales, Northern Ireland, England or the whole UK
• is subject to Managing Public Money requirements, or is able to demonstrate compliance with Managing Public Money principles with respect to any funding received through the Regulators’ Pioneer Fund
• regulates businesses (not just individuals)

Funding Costs

Your project’s total grant funding can be up to £1 million. This limit includes funds that would be passed on to collaborators or partners on a sub-contract basis. Funding can only be used for non-commercial activities.

Projects must start by October 2018, end by April 2020 and can last between 6 and 18 months.

For further information – click here.