UKRI awards £400m to regional R&D projects
Seven major research and innovation projects across the UK are set to receive over £400m in government and industry funding. This investment will benefit some of the country’s most promising R&D projects, including businesses and universities in Cardiff, Bristol, Liverpool, Kent, Glasgow, Edinburgh, and Belfast.
As part of UKRI’s Strength in Places Fund, the funding will support cutting-edge research and innovation projects that drive local economic growth. It is the latest step towards reaching the government’s target of investing 2.4% of GDP in UK research and development by 2027. Each programme will deliver long-term economic benefits and benefit local people, closing the gap between the rate of growth in the area and nationally. The scheme will encourage more competitive and future-proof industries as our economy recovers from the coronavirus pandemic, creating thousands of jobs and enhancing skills across regions,
In May 2020, seven projects were awarded full stage funding from wave 1 of the Strength in Places Fund. As a Cardiff-based company, we are delighted that South Wales’ CS Connected is among them! Led by Cardiff University, the CS Connected SIPF project focuses on strengthening an emerging regional cluster in advanced semiconductor materials and manufacturing, bringing socio-economic benefits to South Wales. The project aims to develop a global advantage in a sovereign, key enabling technology that will allow the UK to increase trade globally in critical sectors such as communications, 5G, autonomous and electric vehicles, and medical devices.
The cluster already hosts 1400 high-value manufacturing jobs in the region and is delivering well above-average contributions to productivity. The project will also introduce a compound semiconductor skills academy, providing significant training that will enhance skills across South Wales. You can find out more about CS Connected and all the other successful projects here.
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Energy Catalyst Round 8: Clean Energy Access
Organisations can apply for a share of up to £20 million to develop and demonstrate innovative solutions for clean, affordable, and secure energy access in sub-Saharan Africa, South Asia, or South East Asia. The competition aims to support highly innovative, market-focused energy solutions in any technology or sector.
Your project must encourage the development of products and services that help one or more of the specified countries to access secure, low cost, and low carbon energy. Projects must be targeted at people, public services, and local enterprises who are unable to afford or access existing solutions, or who lack the time or expertise to successfully use those solutions.
This competition has three strands, which are dependent on the stage your project is at:
- Early-stage for feasibility studies (this strand)
- Mid-stage for industrial research
- Late-stage for experimental development
The Energy Catalyst Programme is open to any energy technology from any sector. However, to be in scope for round 8 your project must address the following 3 subjects: energy access, the energy 'trilemma', and gender and social inclusion. For example, your project could focus on:
- making new solutions more affordable.
- integrating technologies in new systems or business models to help unlock finance and deployment.
- developing technologies or partnership business models that address other barriers to deployment.
- unlocking under-served market segments that existing solutions are not reaching at scale.
This competition closes on 16th September 2020. For further details on eligibility, scope, and how to apply, please visit the competition page.
Interested in applying? Contact us today to arrange a free consultation.
BEIS Funding Allocations 2020-2021
BEIS 2020-21 Funding Allocations reveal a huge boost for UK research and innovation.
The Chancellor’s 2020 Budget included ambitious plans to increase public research and development (R&D) investment to £22 billion by 2024. This is the largest and fastest ever expansion of funding for research and innovation, taking direct support for R&D to 0.8% of GDP. It places the UK among the top quarter of OECD nations.
The Government remains committed to meeting this goal, despite the uncertainty caused by the Coronavirus pandemic. The Department for Business, Energy and Industrial Strategy (BEIS) is moving forward with its plans, confirming allocations of the R&D budget for 2020-2021. As a first step towards meeting this ambition, £10.36 billion of funding is being allocated to BEIS programmes and partner organisations this financial year.
The funding includes:
- investment in world-leading science and advanced mathematics
- investment in Net Zero technologies in the energy, automotive and aerospace sectors
- support to immediate efforts to respond to COVID-19, including sponsoring efforts to manufacture and trial a vaccine
- investment to secure and maintain the essential talent and infrastructure needed to deliver cutting-edge research.
In short, funding for public sector research establishments will enable the UK to be at the forefront of fusion energy technology. It will also deliver world-leading meteorological and climate science, develop cutting-edge quantum measurement techniques, and capitalise on the UK’s space capabilities. In a move aimed at creating stability during the pandemic, BEIS is providing further support to R&D intensive businesses and higher education institutions.
If you're interested in viewing the full list of R&D allocations for this financial year, click here. Alternatively, to discuss funding opportunities with one of our specialist advisers, please contact us today.
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Horizon Europe: New Horizons for European Funding
2020 marks the end of Horizon 2020, the EU’s biggest ever EU Research and Innovation programme, which has provided nearly €80 billion of funding over 7 years (2014-2020). Succeeding Horizon 2020, Horizon Europe will run from 2021 to 2027 to ensure that Europe remains a world-class leader in Research and Innovation. The European Commission will invest €100 billion into Research and Innovation that will shape the future of Europe, making it the most ambitious programme of its kind.
“With Horizon Europe, we want to build on this success and continue to make a real difference in the lives of citizens and society as a whole.”
-European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness.
Preliminary Structure of Horizon Europe
Like Horizon 2020, the programme will have three pillars. The first will fund excellence in science, supporting frontier research projects designed by researchers through the European Research Council. The second pillar focuses on Global Challenges and European Industrial Competitiveness. It will support research into societal challenges and reinforce technological and industrial capacities. It also sets ambitious EU-wide missions to tackle some of Europe’s biggest problems, including health and climate change. Thirdly, the Innovative Europe pillar aims to increase Europe’s prowess in market-creating innovation and SME growth through the European Innovation Council.
Following the Horizon 2020 Interim Evaluation, the European Commission has implemented several changes to support Research and Innovation across Europe. For example, they will support breakthrough, high-risk innovation through the creation of the European Innovation Council. This will help innovators to create new market opportunities. Additionally, through the launch of new missions with bold, ambitious goals, Horizon Europe will create more impact across Europe. An open science policy will enable better science through collaborative ways of producing and sharing knowledge and data. Further, an emphasis on widening participation will help low Research and Innovation performing Member States to participate in Horizon Europe.
Despite the uncertainty caused by Brexit, we are hopeful that the UK will remain a part of the Horizon Europe research programme. If you'd like to discuss European funding with one of our specialist advisers, please do not hesitate to contact us today.
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£1.25bn support package for innovative firms hit by coronavirus...
UK businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion government support package, the Chancellor announced on 20th April 2020.
Rishi Sunak said the targeted and tailored help would ensure firms in some of the most dynamic sectors of the UK economy – ranging from tech to life sciences – are protected through the crisis so they can continue to develop innovative new products and help power UK growth.
The comprehensive package includes a new £500 million loan scheme for high-growth firms, called the Future Fund, and £750 million of targeted support for small and medium sized businesses focusing on research and development.
The £500 million Future Fund has been designed to ensure high-growth companies across the UK receive the investment they need to continue during the crisis.
Chancellor of the Exchequer Rishi Sunak, said:
"Britain is a global leader when it comes to innovation. Our start-ups and businesses driving research and development are one of our great economic strengths, and will help power our growth out of the coronavirus crisis. ...This new, world-leading fund will mean they can access the capital they need at this difficult time, ensuring dynamic, fast-growing firms across all sectors will be able to continue to create new ideas and spread prosperity."
Delivered in partnership with the British Business Bank and launching in May, the fund will provide UK-based companies with between £125,000 and £5 million from the government, with private investors at least matching the government commitment. These loans will automatically convert into equity on the company’s next qualifying funding round, or at the end of the loan if they are not repaid. To be eligible, a business must be an unlisted UK registered company that has previously raised at least £250,000 in equity investment from third party investors in the last five years.
The government is committing an initial £250 million in funding towards the scheme, which will initially be open until the end of September. The scale of the fund will be kept under review.
The £750 million of targeted support for the most R&D intensive small and medium size firms will be available through Innovate UK’s grants and loan scheme.
Innovate UK, the national innovation agency, will accelerate up to £200 million of grant and loan payments for its 2,500 existing Innovate UK customers on an opt-in basis. An extra £550 million will also be made available to increase support for existing customers and £175,000 of support will be offered to around 1,200 firms not currently in receipt of Innovate UK funding. The first payments will be made by mid-May.
This package builds on the government’s existing support for innovative, high-growth firms including the £2.5 billion British Patient Capital fund, the upcoming £200 million Life Sciences Investment Programme, internationally competitive R&D tax reliefs and our major commitments to increase public R&D spending to £22 billion by 2024-25.
Increase in funding for game-changing green innovation and woman-led companies…
A significant increase to the European Innovation Council (EIC) Pilot budget is expected to be adopted by the European Commission in March 2020, to support game-changing, market-creating innovation and deep-tech SMEs to scale-up, paving the ground for the launch of a ‘fully-fledged’ programme in Horizon Europe (2021 – 2027).
A one-off EIC Accelerator call for ‘green deal’ start-ups and SMEs is expected, whereby all applicants submitting for the 19th May 2020 cut-off will need to demonstrate how their innovation contributes to the goals of The European Green Deal. The 7th October 2020 cut-off for the EIC Accelerator Pilot will remain open to all innovations.
Additional opportunities for companies with women CEOs (or equivalent positions) is also expected, to ensure 25% of all finalists in the EIC Accelerator Pilot are women-led companies. If, following the first-round remote evaluation, a minimum of 25% of companies selected for the final-stage interviews are not led by women, additional interviews will be scheduled.
An advanced version of the amended EIC Work Programme is due to be released by the end of February, and the final version by the end of March, replacing plans for the year ahead in the current EIC Pilot Work Programme 2018 - 2020.
Important EIC Accelerator update for UK applicants...
The Withdrawal Agreement means that the UK can continue to participate in EU programmes, including Horizon 2020, that are financed by the 2014-2020 Multiannual Financial Framework (MFF) until their closure (i.e. for the lifetime of grants). UK participants will continue to receive EU grant funding for the lifetime of individual Horizon 2020 projects, including projects finishing after the transition period ends at the end of 2020.
UK scientists, researchers and businesses can continue to participate in and lead Horizon 2020 projects and apply for Horizon 2020 grant funding. The vast majority of Horizon 2020 projects will be able to continue as before during the transition period and beyond. This includes ERC, MSCA, and the EIC Accelerator. However, for the latter, UK entities are now only eligible for the grant element of the programme, meaning they cannot apply for equity support.
A very limited number of UK Horizon 2020 projects, which involve access to security-related sensitive information restricted for EU Member States, may be unable to continue after EU Exit in their current form. The government expects the European Commission to inform participants if this is the case.