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ISCF Transforming foundation industries: Building a resilient recovery

Overview:

UK-registered businesses can apply for a share of £8million in grant funding for projects supporting recovery and growth of the UK’s foundation industries.

The Industrial Strategy Challenge Fund will work with Innovate UK, part of UK Research and Innovation, to invest up to £8million in innovation projects. These aim to catalyse innovation to support fast recovery and growth from Covid-19 through innovations that improve productivity and sustainability of the UK’s foundation industries.

Your proposal must help the UK’s foundation industries remain globally competitive and become more environmentally sustainable.

Your proposal must focus on resource or energy efficiency opportunities through the development of:

  • Long-term viability of domestic supply chains
  • New markets
  • New business models
  • New products and services
  • New processes

Innovate UK are looking to fund a portfolio of projects, across a variety of technologies, markets, sectors, technological maturities and research categories.

Your project must not focus on fuel switching or technologies for the capture of emissions, such as carbon capture and storage.

Your project’s total eligible costs must be between £100,000 and £1million.

Open Date:

03/08/2020

Close Date:

04/11/2020

The aim of this competition is to support an innovation-led recovery from the Covid-19 crisis and to protect the UK’s foundation industries innovation capability. Aligned with the objectives of the ISCF Transforming Foundation Industries Challenge, projects will have to demonstrate how they address resource or energy efficiency of foundation industries and support resilience and sustainability of the sector and its supply chains.

Projects can include techno-economic assessment of new products, services and business models.

Projects must:

  • Help the UK’s foundation industries remain globally competitive and become more environmentally sustainable
  • Indicate how the innovation helps meet the needs of business and/or industry as it emerges from Covid-19 pandemic and aids rapid recovery
  • Demonstrate that the business has the capability to deliver the project

Innovate UK are looking to fund a portfolio of projects, across a variety of technologies, markets, sectors, technological maturities and research categories.

Specific themes

Projects must focus on resource or energy efficiency in the foundation industries and can focus on one or more of the following areas:

  • Establish long-term viability of domestic supply chains
  • New markets
  • New business models
  • New products and services
  • New processes

Your project must:

  • Have total eligible costs between £100,000 and £1million
  • Last between three and 12 months
  • Start by 1 April 2021

To lead a project, your UK-registered organisation:

  • Must be either a business of any size or research and technology organisation (RTO)
  • Must carry out its project work in the UK
  • Must intend to exploit the results from or in the UK

Academic institutions cannot lead or work alone. Research and technology organisations cannot work alone.

To collaborate with the lead, your UK-registered organisation must:

  • Be a business of any size, academic institution, charity, not-for-profit, public sector organisation or research and technology organisation (RTO)
  • Carry out its project work in the UK
  • Intend to exploit the results from or in the UK
  • Be invited by the lead organisation

If the lead organisation is an RTO, the project team must contain at least two businesses of any size.

The lead applicant must claim funding by entering their costs during the application.

Each partner organisation must be invited into the Innovation Funding Service by the lead to collaborate on a project. Partners must enter their own project costs.

Your project can include partners that do not receive any of this competition’s funding, for example non-UK businesses. Their costs will count towards the total eligible project costs.

Subcontractors can be from anywhere in the UK. In exceptional circumstances such as the skillset not being available in the UK, you can use a subcontractor from anywhere in the world. The work carried out must be fundamental to the project and you must be able to evidence this in your application.

Innovate UK would expect subcontractor costs to be justified and appropriate to the total eligible project costs.

Any UK-registered business or RTO leading on an application can collaborate in a further two applications.

If a UK-registered business is not leading any application, it can collaborate in up to three applications.

If an RTO is not leading any application, it can collaborate in any number of applications.

Public sector organisations, charities, research organisations and academic institutions can collaborate on any number of applications.

Innovate UK have allocated up to £8million to fund innovation projects in this competition.

If your organisation’s work on the project is mostly 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:

  • Up to 70% if you are a micro or small organisation
  • Up to 60% if you are a medium-sized organisation
  • Up to 50% if you are a large organisation

Research organisations undertaking non-economic activity as part of the project can share up to 50% of the total eligible project costs. If your consortium contains more than one research organisation undertaking non-economic activity, this maximum must be shared between them.

This competition provides state aid funding under article 25, ‘Aid for research, development and innovation’, of the General Block Exemption Regulation (GBER). It is your responsibility to make sure that your organisation is eligible to receive state aid.

Innovate UK are not funding projects that:

  • Focus on fuel switching or greenhouse gas capture technology
  • Do not focus on foundation industries and their immediate supply chains
  • Focus on skills
  • Are capital or infrastructure projects

Cresco Innovation works with companies to develop and implement innovation strategies. We help client companies identify opportunities to develop new products and services, and then create a package of support to ensure that the idea is turned into a commercial reality.

Our services include securing grants (as a team we have raised around £40million over three years), business planning, IP advice, access to finance and funders, project management and IP commercialisation support.

We regularly act as the interface with the funding bodies and help clients ensure that their projects are properly managed to ensure the best outcome for all.

Call to find out more

If you’d like to know more about this competition, please give us a call on 01509 261182 and one of our team will be delighted to help you access this funding opportunity for your business.