Business Gas and Electricity News

UK manufacturing and infrastructure gets £19m boost

30 November 2017

A new competition is offering up to £19 million to improve growth and productivity across the UK’s manufacturing and infrastructure sectors.

The main project aims to improve smart energy technology to add intelligence to physical infrastructure and improve cost, performance, resilience and sustainability.

It will do this by paying up to 70% of eligible project costs on schemes worth up to £3 million and lasting between three months and three years.

These systems range from ‘hard’ systems such as energy generation, transport, waste, water and communication or ‘soft’ areas like health, justice and education.

Innovate UK hopes the funding will improve quality of life across the country by improving the value, affordability and security of energy, as well as reducing emissions.

The competition is open and the deadline for applications is the 31st of January, 2018.

Additional funding of up to £16 million is also being made available to help businesses recruit suitable graduates to work on innovation projects.

Original article published on energylivenews.com