Last edited 20 Jul 2018

Innovate UK


[edit] Overview

The Technology Strategy Board was established in 2004 to advise the Secretary of State for Trade and Industry on business research, technology and innovation. On 1 July 2007 it took on a wider role and was re-structured as an arm's length, business-led, executive non-departmental public body (NDPB) sponsored and funded by the Department for Business, Innovation and Skills (BIS). For more information see Technology Strategy Board.

In August 2014, the Technology Strategy Board was renamed Innovate UK.

Innovate UK stated, 'The nature and remit of the organisation will remain the same. It will continue to fund, support and connect innovative businesses through a unique mix of people and programmes to accelerate sustainable economic growth.'

Innovate UK is the UK’s innovation agency. It works with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy, delivering productivity, new jobs and exports. Its aim is to keep the UK globally competitive in the race for future prosperity.

With 300 staff, and a head office in Swindon, its work includes:

  • Determining which science and technology developments will drive future economic growth.
  • Meeting UK innovators with ideas.
  • Funding the strongest opportunities.
  • Connecting innovators with the partners they need to succeed.
  • Helping innovators launch, build and grow successful businesses.

On 3 March 2015, Innovate UK published Future building, The Low Impact Building Innovation Platform, which set out how up to £60 million in grant funding would be invested between 2015 and 2019.

[edit] Updates

On 23 July 2018, Innovate UK will launch a new competition allowing UK companies to bid for a share of a £12.5 million government fund to boost productivity, performance and quality in the construction industry.

There are three core stages of the construction lifecycle that the competition seeks improve:

Funding will be awarded to projects that demonstrate a streamlined process that is able to save money and time and improve collaboration and productivity.

Submissions must be led by a UK-based business and projects must start by December 2018 and end by December 2020. The competition closes on 19 September 2018.

You can find more details here.

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