Key Features
UK registered SME’s can apply for a share of up to £1.5 million for small scale R&D projects. This funding is from the Industrial Strategy Challenge Fund.
Programme: Innovate UK
Award: Share of up to £1.5 million
Opens: 16th Aug 2021
Closes: 29th Sep 2021
The Transforming Foundation Industries (TFI) Challenge fund will work with Innovate UK, part of UK Research and Innovation, to invest up to £1.5 million in innovation projects. This funding is from the Industrial Strategy Challenge Fund (ISCF).Projects must address the resource productivity or energy performance opportunities of the sector and its supply chains.
The aim of this competition is to improve the competitiveness of our Foundation Industry sector by helping it to become more environmentally sustainable.
Your project must address the resource productivity or energy performance opportunities of the sector and its supply chains.
Your project must focus on the development of new:
Your project can focus on one or more of the following:
This list is not exhaustive, and other technologies or projects that clearly fall within scope of the challenge will be welcomed.
Our team are available to discuss your innovative business, your project ideas and how we can help you to write a successful application for this Grant Funding opportunity.
Use the calendar to select and book a consultation with one of our experts, at a time that’s convenient for you.
Your project must:
If your project’s duration falls outside of our eligibility criteria, you must provide justification by email to support@innovateuk.ukri.org at least 10 working days before the competition closes. We will decide whether to approve your request. If you have not requested approval or your application has not been approved by us you will be made ineligible and your application will not be sent for assessment.
To lead a project or work alone your organisation must be a UK registered SME business.
Academic institutions cannot lead or work alone.
To collaborate with the lead, your organisation must be one of the following UK registered:
Each partner organisation must be invited into the Innovation Funding Service by the lead to collaborate on a project. Once accepted, partners will be asked to login or to create an account and enter their own project costs into the Innovation Funding Service.
Up to £1.5 million has been allocated to fund innovation projects in this competition.
If the majority of your organisation’s work on the project is commercial or economic, your funding request must not exceed the limits below. These limits apply even if your organisation normally acts non-economically.
For feasibility studies and industrial research projects, you could get funding for your eligible project costs of:
For experimental development projects which are nearer to market, you could get funding for your eligible project costs of:
For more information on company sizes, please refer to the company accounts guidance. This is a change from the EU definition unless you are applying under State aid.
Innovate UK are not funding projects that: