The UK GOV has made £98m available to help companies develop innovative technology to help people age happily and healthily.
Opening for applications this week is the Industrial Strategy Challenge Fund: Healthy Ageing Challenge offering grants of up to 70% to help develop innovative solutions for an ageing population.
The average life expectancy is rising rapidly. In fact, it’s now thought that the children born today will be expected to live to 100. We have to ask what kind of pressures and challenges does this mean for our Health Services, as more of our older generation look for ways to lead healthy, active lives.
As part of the Ageing Society Grand Challenge, Innovate UK (part of UK Research and Innovation) are looking for businesses and organisations who have ideas, or who are developing new products or services that will support a healthy lifestyle for people in their older years.
With up to £98 million funding available across the whole project, this is an opportunity not to be missed.
Focus Areas
Projects considered need to meet one (or more) of the 7 themes of the Healthy Ageing Challenge Framework. These themes include;
- Sustaining physical activity
- Maintaining health at work
- Designing for age-friendly homes
- Managing common complaints of ageing
- Living well with cognitive impairment
- Supporting social connections
- Creating healthy and active places
Applications will be considered from businesses and public sector organisations of any size.
Funding Levels
Stage 1 projects can range up to £100,000 (with £2 million available) and Stage 2 projects up to £6 million.
The amount you can claim depends on the size of your organisation. For stage 1 feasibility studies, you could get funding for your eligible project costs of:
- up to 70% if you are a micro or small business
- up to 60% if you are a medium-sized business
- up to 50% if you are a large business
Deadline for applications
The competition opened on 23rd September and will close at 12pm on November 27th 2019. For further details on the above scheme, or if you would like to discuss a potential project please don’t hesitate to get in touch.
Partnerships
We are proud to announce Tatton Consulting as the official UK public funding partner of the Greentech Challenge, a Europe-wide business incubator supporting the brightest and best sustainability and green technology start-ups.
We will be supporting them at GREENTECH CHALLENGE London 2019 at Sustainable Workspaces, London. For further details please click here.
Recent Successes
We love helping businesses apply and secure funding, and have supported our clients in raising over £32m. We’ve recently secured funds for a number of projects including;
- £190k for an Augmented Reality project,
- £450k for a Digital Health Genetics company
- £260k for an African Agritech company.
All consultations are done free of charge and we only earn once both parties have identified a suitable opportunity with a good chance of success.
Tatton Consulting Ltd