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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.

Reports, special reports and government responses

View all reports and responses
Fifty-Sixth Report - Industrial Strategy Challenge Fund
Inquiry The Industrial Strategy Challenge Fund
HC 941
Response to this report
Treasury minutes: Government response to the Committee of Public Accounts on the Fifty-sixth report from Session 2019-21
HC 941
Government Response

Oral evidence transcripts

View all oral evidence transcripts
4 March 2021
Inquiry The Industrial Strategy Challenge Fund
Oral Evidence
Universities Scotland (ICF0001)
Unit4 (ICF0002)
BSI (ICF0003)

Contact us

  • Email:
  • Phone: 020 7219 5776 (general enquiries) | 020 7219 8480 (media enquiries)
  • Address: Public Accounts Committee, House of Commons, London, SW1A 0AA