Smart Transport

Government launches £200m Sustainable Innovation Fund for projects hit by Covid-19

Alok Sharma

The Government has launched a new £200 million support package to help companies continue innovative projects that have been affected by Covid-19.

Businesses can apply for support for a share of the £200m through the Sustainable Innovation Fund today.

The funding is being delivered through Innovate UK and forms part of a wider £750 million package of grants and loans announced in April to support innovative firms.

This sits alongside the new £500 million Future Fund, which provides match-funding to private investors, and has already received over 500 applications since its launch on May 20.

The funding will help support a variety of projects including one the Govenrment says uses artificial intelligence (AI) to manage city traffic flows.

The money can also be used to help reduce the carbon footprint of public transport in towns and cities.

Business Secretary Alok Sharma said: “Our country is home to some of the world’s most cutting-edge businesses that turn ingenious ideas into new technologies every day.

“That’s why we’re backing our innovators and risk-takers with new investment so they can recover and grow out of the coronavirus pandemic.

“Today I am urging businesses in all parts of the UK to come forward and pitch their state-of-the-art ideas to us, so we can work together to power the UK’s economic recovery.”

Dr Ian Campbell, Executive Chair, Innovate UK said: “Many businesses have successfully, and innovatively, responded to the challenges posed by the coronavirus.

“Organisations will recover from the pandemic, and as the situation stabilises, we will help businesses build an innovative economy that is viable and resilient.

“Today we issue the call for more innovators to put forward proposals to help the UK build a sustainable and productive future.”

The Smart Transport October 2020 Conference - 'Connecting policy to solutions'

The Smart Transport Conference returns in October 2020, in Manchester. 

'Connecting policy to solutions'

October 27, 2020

The UK's most important meeting place for senior public policy makers and influential private sector leaders

Showcasing real-time solutions to government policy

Six important reasons to attend the Smart Transport Conferences:

1. Join the country’s most influential smart transport stakeholders focused on delivering accessible and sustainable transport for all –   showcasing private sector capabilities with government policy.
 
2. Listen to the UK’s leading policy-makers provide clarity on the government’s smart mobility outcomes and road to implementation.
 
3. Hear directly from a diverse range of private sector leaders in intelligent transport – sharing their passion and vision to bring ‘mobility for all’ into the mainstream. 
 
4.Engage in ground-breaking debate, network and collaborate with other senior smart transport experts on the practical steps needed for private sector solutions to turn the government’s vision into reality.
 
5. Identify the most important current and emerging commercial opportunities as government policy turns in to action and investment.
 
6. Listen to unique multimodal content that breaks down the silos in transport and is not replicated elsewhere.

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