The Industrial Strategy Challenge Fund aims to bring together the UK’s world-leading research with business to meet the major industrial and societal challenges of our time.
The Industrial Strategy Challenge Fund provides funding and support to UK businesses and researchers. The fund is part of the government’s £4.7 billion increase in research and development over 4 years.
It is designed to ensure that research and innovation takes centre stage in the government’s Industrial Strategy.
Government has worked with businesses and academics to identify the core industrial challenges where:
- the UK has a world-leading research base and businesses ready to innovate
- there is a large or fast-growing and sustainable global market
Challenges are aligned with the Industrial Strategy’s 4 grand challenges.
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