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The Industrial Strategy Challenge Fund


The Industrial Strategy Challenge Fund (ISCF) awards support for research and development projects under the four themes of the government’s Industrial Strategy: clean growth, the ageing society, the future of mobility and artificial intelligence & the data economy.

It constitutes a significant part of a government commitment to spend £4.7 billion on research and development over 4 years, and supports the ambitions set out in the government’s Industrial Strategy.

UK Research & Innovation (UKRI), established in April 2018, is responsible for implementing the ISCF, which is funded by the Department for Business, Energy & Industrial Strategy (BEIS).

The Committee will question senior officials at BEIS and UKRI on the management of the ISCF,  focussing on the design of the Fund and oversight of its implementation, and the approach taken to considering performance and progress in making the awards.  

If you have evidence on the management or performance of the ISCF, please submit it here by 6:00 pm on Thursday 25 February 2021.