An Industrial Strategy Challenge Fund of £12.5 million has been announced, which aims to invest in innovative projects that transform the delivery of new buildings.
The fund is looking for projects that focus on how buildings are:
- designed and managed
with ideas proposed that can deliver cost savings, reduce delays and improve the ultimate output.
Projects must be lead by a UK business, collaborating with other organisations and involving at least one SME, and must start by December 2018. Project costs can be £25,000-£500,000 (for projects of 6 to 12 months) or £250,000-£1million (for projects of 12 to 24 months), and applications can request funding for up to 70% of project costs. The fund will prioritise projects which demonstrate scalable solutions and collaboration across sectors.
For more information about the fund and how to apply, a series of briefing events and webinars is available or you can go online to apply. Open from 23 July 2018, the deadline for applications is noon on 19 September 2018.
See the full announcement from www.gov.uk.