The Sustainable Innovation Fund was launched at the end of June 2020. The £200 million of funding will help innovative businesses to bounce back from the impact of coronavirus.
Innovations are supported across a broad range of applications. From managing city traffic flows to AI or the latest in reusable packaging materials.
Businesses strong on research and development (R&D) are urged to apply. Could you turn your ingenious ideas into reality?
More about the Sustainable Innovation Fund
It’s now open for applications from companies across all of the UK who need urgent financial support. The aim of the funding is to prevent the loss of innovative ideas and businesses as a result of coronavirus.
Sustainability is a big focus. Making homes and offices more efficient in order to cut fuel bills. Reducing the carbon footprint of public transport. Ways to encourage people to cut down their food waste. Biodegradable packaging. The list is endless.
Help for a Wide Range of Sectors
The Fund will back businesses in a wide range of sectors including technology, health, transport and clean growth. In developing their ideas and recovering, qualifying businesses will help the UK meet its ambition to cut carbon emissions to net zero by 2050.
Kemi Badenoch, Exchequer Secretary to the Treasury, said:
Our ability to innovate will be key to tackling this crisis, driving economic growth and supporting jobs.
The Sustainable Innovation Fund is part of a £750 million package of grants and loans. Make your application through the Innovate UK website.
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