£117 million to help Scottish economy recover

Leading Scottish businesses and researchers have received more than £117 million to tackle challenges that will help the UK build back better after Covid.

Friday, 12th March 2021, 4:00 pm
From net-zero to future technologies and health and well-being, the Industrial Strategy Challenge Fund (ISCF) has funded 155 projects in Scotland to-date with 124 Scottish businesses supported.

The funding from the UK Government is administered by UK Research and Innovation (UKRI).

From net-zero to future technologies and health and well-being, its Industrial Strategy Challenge Fund (ISCF) has helped 155 projects in Scotland to-date with 124 Scottish businesses awarded funding.

But more money is still available to address key challenges across clean growth, our ageing society, future of mobility, artificial intelligence and the data economy.

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Among the Scottish projects to be awarded funding is the Medicines Manufacturing Innovation Centre, which will be located less than two miles from Glasgow Airport. UKRI awarded £13 million to help fund the centre which will ensure the UK is a leader in small molecule pharmaceutical and fine chemical manufacturing.

Another project has received £1.5 million to assist in medical delivery in the urban and rural areas uniquely found in Scotland.

Organisations, universities and non-profit research and technology firms hope to demonstrate the viability of a drone-enabled distribution network for medical items such as organs, blood products, high-value medicines and medical consumables across Scotland.

Almost £2 million has been invested to create the UK’s first remote low-carbon aviation test centre at Kirkwall Airport in the Orkney Islands. The project will trial a host of exciting aviation technologies including low-carbon aircrafts that utilise electric, hydrogen or synthetic fuel.

Mike Biddle, ISCF programme director, said: “We’re already starting to see these innovative ideas be brought to life and we look forward to seeing the results over the coming months and years.

“We encourage the top minds in industry and academia across Scotland to come together and apply for funding to help bring research to life.”

It is anticipated that ISCF funding will result in over 6000 jobs created over the next five years.