Government invites businesses to apply for funding to support digital tech
The government has invited businesses to apply for funding to support projects that use digital technology to improve the productivity and agility of UK manufacturing.
The government has invited businesses to apply for a share of £30 million to support projects that use artificial intelligence, robotics and the internet of things, and have the potential to significantly increase the productivity of UK manufacturing.
The UK government’s Industrial Strategy Challenge Fund's (ISCF) Manufacturing Made Smarter Challenge aims to raise productivity by 30 per cent by 2030 through investing in projects that support industrial digitalisation.
The ISCF has up to £30 million to invest in projects that use industrial digital technologies to transform manufacturing productivity.
The competition aims to support projects that can achieve short-term impact and rapid technology development through industrial digitalisation across a range of sectors from aerospace to food and drink and pharma.
The deadline for applications is at midday on 21 August. The competition is open to businesses of any size, while the project size is expected to range between £250,000 and £10 million.