With Brexit looming large, there is renewed impetus for the Government to increase business support to ensure UK industries maintain their competitiveness in the global economy.
In April 2017, a new Industrial Strategy Challenge Fund was set up by the Government to provide £1 billion of new funding over a four-year period. Funding is focused on 4 key sectors:
- Artificial Intelligence and Data
- Ageing Society
- Clean Growth
- Future of Mobility
Another key sector for national interests is Defence and Security. On 16 September 2016, the Secretary of State for Defence launched the Defence Innovation Fund, which has nearly £800 million over a 10-year period, to provide funding for innovative solutions in defence and security sectors.
RDP has compiled a report on these programmes and their upcoming challenges and deadlines.
Download the Complete Report