As Round 1 of Innovate UK’s Sustainable Innovation Fund draws to a close, Round 2 is opening. UK registered businesses can apply for a share of up to £26m for new projects focusing on sustainable economic recovery from Covid-19.
To help potential applicants understand about this round of funding, Innovate UK is running a formal briefing on 30th July from 15:30-16:30.
This competition is for UK registered businesses of any size to apply for grant funding with the following criteria:
-Project eligible costs between £50k-£100k
-Project duration between 3-6 months
-Be able to start the project by 1st November 2020
To register for the competition briefing, click here.
Your proposal must show evidence of key challenges as a direct consequence of COVID-19, and how your project can help solve them.
You must consider your proposal’s impact on climate change and/or environmental sustainability.
They would also like you to address where necessary, equality, diversity, and inclusion in relation to your project, your organisation(s) and your approach to innovation.
They will fund a portfolio of projects, across a variety of technologies, markets, regions, technological maturities and research categories, including the themes listed below.
-Decarbonisation, circular economy and/or biodiversity
-Climate change and environmental sustainability
-Geographic or regionally targeted innovation
-Innovation that is aimed at commercial or residential users
-Innovations that work across more than one sector
-Follow-on international opportunities that help the UK lead the world
Projects they will not fund are those that:
-Are not related to an impact on a business due to Covid-19 disruption
-Have a negative impact on the environment and/or society
-Have a detrimental effect on equality, diversity, and inclusion
-Would duplicate other UK Government activities or EU-funded initiatives already underway such as the testing or manufacture of vaccines and ventilators
-Do not involve any research and development or innovation, for example, the creation of information-only websites
-Are feasibility studies
-Involve primary production in fishery and aquaculture
-Involve primary production in agriculture
-Are not allowed under de minimis regulation restrictions
For more information visit here
Check out our article on useful "green" business terminology here
Find other sources of funding here