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1st July, 2020

Further £191m support package unveiled to help innovative businesses bounce back from COVID-19 impact

Innovate UK, part of UK Research and Innovation, has today (Saturday 27June) launched a new fund to help cutting-edge companies of all sizes recover, grow, and drive a re-building economy.

The £191 million fund will also support new green innovations, unleashing the sustainable industries of the future along the way.

The COVID-19 Sustainable Innovation 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.

Find out how to apply here.


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Nicola Abraham

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