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27 June 2020

UKRI announces funding for businesses to develop sustainable innovations as they recover from COVID-19

Introduced by

UK Research and Innovation

Targeted at

Businesses

Timings

Announced on 27 June 2020. Applications open on 29 June 2020

Stated aims

To help 'cutting-edge companies […] recover, grow and drive a rebuilding economy'

Summary

UK Research and Innovation (UKRI) launches a £191m 'Sustainable Innovation Fund'.

The fund 'will target those innovative companies needing to keep their great ideas alive during the current pandemic, in turn contributing to revolutions across whole sectors and transforming the way people live, work and travel.

Businesses could use the investment to develop smart sustainability-based projects, for example technology that supports a reduction in single-use plastics to greener modes of transport, or more energy-efficient office buildings.

Firms are also being encouraged to develop large-scale operations like the next generation of sustainable public transport, helping to reduce air pollution in towns and cities, and building more powerful, efficient and cost-effective wind turbines.'

Source(s)

UKRI news