The UK’s innovation agency, Innovate UK (IUK) works with people, companies and partner organisations to de-risk, enable and support innovation, and promote UK economic growth. IUK is a non-departmental public body, funded by a grant-in-aid from the UK government through the Department for Business, Energy & Industrial Strategy (BEIS).
The Regulators’ Pioneer Fund (RPF) is funded by BEIS and is being administered by IUK on behalf of BEIS. Through the RPF, BEIS is investing up to £10 million over two years in regulator-led projects. UK regulators can apply for funding to support initiatives that help businesses bring innovative products and services to market.
The competition’s aim is to promote cutting-edge regulatory practices to help make the UK the world’s most innovative economy, whilst protecting citizens and the environment.
IUK has allocated up to £10 million to fund projects in this competition. Applicants can apply for up to £1 million of grant funding. This limit includes funds that would be passed on to collaborators or partners on a sub-contract basis.
The funding can only be used for non-commercial activities. Proposals must demonstrate clear benefits to businesses bringing innovative products and services to market.
Applicants should address one of the four Grand Challenges set out in the Industrial Strategy:
- Put the UK at the forefront of the artificial intelligence and data revolution.
- Maximise the advantages for UK industry from the global shift to clean growth.
- Become a world leader in shaping the future of mobility.
- Harness the power of innovation to help meet the needs of an ageing society.
To lead a project, an applicant must:
- be a national regulator for the whole of the UK, or for England, Scotland, Wales or Northern Ireland;
- be the lead sponsor of the project;
- clearly set out how a new regulatory approach will help businesses bring innovative products and services to market.
Projects may include partners, such as businesses, industry bodies, civil society groups, other regulators or academic institutions, on a sub-contract basis.
The competition is now open with a deadline for applications of midday on 14 August 2018.