New ¬£25m research and knowledge exchange fund to support innovative projects
Research England launched a brand new, competitive fund worth ¬£25m at its first ever Engagement Forum in London.
The¬†Research England Development (RED) Fund¬†is set to support innovative projects in higher education institutions that can respond to Research England‚Äôs strategic priorities for research and knowledge exchange.
The fund will focus on projects and activities that will benefit both the sector and the country. This could be achieved through:
- Novel approaches from disciplines or types of knowledge exchange that are currently under-utilised in Industrial Strategy development
- Collaborations that maximise the economic and social benefits of established research units
- Working with external partners to support a diverse research workforce
- Collaborations in the UK and internationally
Any Research England-funded institution can bid for funding to lead projects. RED is an open-ended fund, with an initial annual budget of ¬£25m.
Research England‚Äôs Executive Chair, David Sweeney, said:
“I‚Äôm delighted to be able to announce this new fund to the sector today at our very first Engagement Forum. The fund represents a tremendous opportunity for Research England and universities to support innovative and exciting projects and activities for the benefit of the sector and the country as a whole. It gives us the flexibility to fund projects that would not otherwise be supported from our core funding or through other initiatives.”
Find out more here.