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Perthshire Chamber of Commerce

Sustainable Innovation Fund Round 2 is now open!

As Round 1 of Innovate UK’s Sustainable Innovation Fund draws to a close, Round 2 is opening.  UK registered businesses can apply for a share of up to £26m for new projects focusing on sustainable economic recovery from Covid-19.

To help potential applicants understand about this round of funding, Innovate UK is running a formal briefing on 30th July from 15:30-16:30.

This competition is for UK registered businesses of any size to apply for grant funding with the following criteria:

-Project eligible costs between £50k-£100k
-Project duration between 3-6 months
-Be able to start the project by 1st November 2020
To register for the competition briefing, click here.

Your proposal must show evidence of key challenges as a direct consequence of COVID-19, and how your project can help solve them.

You must consider your proposal’s impact on climate change and/or environmental sustainability.

They would also like you to address where necessary, equality, diversity, and inclusion in relation to your project, your organisation(s) and your approach to innovation.

They will fund a portfolio of projects, across a variety of technologies, markets, regions, technological maturities and research categories, including the themes listed below.

-Decarbonisation, circular economy and/or biodiversity

-Climate change and environmental sustainability

-Geographic or regionally targeted innovation

-Innovation that is aimed at commercial or residential users

-Innovations that work across more than one sector

-Follow-on international opportunities that help the UK lead the world

 

Projects they will not fund are those that:

-Are not related to an impact on a business due to Covid-19 disruption

-Have a negative impact on the environment and/or society

-Have a detrimental effect on equality, diversity, and inclusion

-Would duplicate other UK Government activities or EU-funded initiatives already underway such as the testing or manufacture of vaccines and ventilators

-Do not involve any research and development or innovation, for example, the creation of information-only websites

-Are feasibility studies

-Involve primary production in fishery and aquaculture

-Involve primary production in agriculture

-Are not allowed under de minimis regulation restrictions

 

For more information visit here

Check out our article on useful "green" business terminology here

Find other sources of funding here

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