The Industrial Strategy Challenge Fund (ISCF) aims to bring together the UK’s world leading research with business to meet the major industrial and societal challenges of our time.
The Industrial Strategy Challenge Fund provides funding and support to UK businesses and researchers, as part of the government’s £4.7 billion increase in research and development over the next 4 years.
The fund builds on the UK’s world-class research base and delivers the science that business needs to transform existing industries, to create new industries and to accelerate commercial exploitation of the most exciting technologies the UK has to offer the world to ensure that scientific investment truly delivers economic impact, jobs and growth right across the country.
Programmes delivered by the fund will be industry-led and powered by multi-disciplinary research and business-academic collaboration .
Working together the Government, businesses and academics have identified the biggest core industrial challenges where:
The six challenges that have been selected to receive fund support so far are:
£181M to develop first-of-a-kind technologies for the manufacture of medicines to accelerate patient access to new drugs and treatments
£93m to develop AI and Robotic systems that can be deployed in extreme environments such as occur in offshore energy, nuclear energy, space and deep mining
£246m to develop world leading batteries, designed and manufactured in the UK, to fully exploit the industrial opportunity of vehicle electrification
£38M to develop the AI and control systems need to drive vehicles autonomously through complex environments
£26M to develop the next generation of affordable light-weight composite materials for use in aerospace applications
£99M to develop next generation launch technologies and manufacturing and testing capabilities that will allow the UK to construct satellites and deliver payloads into orbit
The second wave of challenges to receive funding will be: