There are several innovation incentives which have been launched since the start of the year, all aimed at incentivising businesses to support key government sustainability initiatives:
Hydrogen BECCS Innovation Programme
The Department for Business, Energy & Industrial Strategy (BEIS) has launched a new programme to help develop innovative technologies to produce hydrogen, a clean energy source, from sustainable biomass and waste.
The Hydrogen BECCS Innovation Programme is funded through the £1 billion Net Zero Innovation Portfolio, which aims to accelerate the commercialisation of innovative clean energy technologies and processes through the 2020s and 2030s.
BECCS technology can uniquely offer the ability to remove carbon dioxide from the atmosphere, as the CO2 absorbed during the growth of the sustainable biomass and the organic content found in waste can then be permanently removed from the atmosphere using carbon capture technologies. Hydrogen BECCS technologies therefore have a key role to play on the UK’s path to net zero emissions, providing hydrogen as a clean fuel for hard-to-decarbonise sectors such as transport and heavy industry, while also removing greenhouse gases from the atmosphere.
For more information, visit: New scheme for technologies producing hydrogen from biomass (nibusinessinfo.co.uk)
Diffuse Coastal Pollution Challenge
Geovation and the UK Hydrographic Office (UKHO) have launched a challenge to find a sustainable solution to diffuse coastal pollution.
Diffuse pollution is pollution from multiple, often unidentified sources. Diffuse pollution causes significant damage to the coastal environment. Impacts of diffuse pollution are disturbing, including eutrophication, loss of biodiversity, human health, and adverse effects to the food chain.
The main source of water quality degradation worldwide is diffuse pollution. Half of the world’s population suffer from polluted water; freshwater diversity has declined by 81 per cent and 500 marine locations are now dead zones. All these issues are significant effects of diffuse coastal pollution, the ripple effect is global.
Geovation’s approach is grounded in research and collaboration – working together with innovators and start-ups is key to proposing the most effective and long-term real solutions.
The challenge is open to UK residents over 18 years old and UK registered Ltd companies. Joining the challenge offers several benefits including:
- up to £5,000 for challenge winners
- a chance to collaborate with UKHO and Ordnance Survey
- PR opportunities
- getting access to the most cutting edge data
On initial registration for the challenge you will get access to the data, information and primary and secondary research Geovation and UKHO have carried out, which will help you create your solution.
You can then make a full application to the challenge – applicants will need to submit a slide deck and video. After the successful start-ups have been announced, Geovation will work with them to refine, and challenge proposed solutions. Following that, pitching will take place and the winners will be announced and awarded the cash prize.
For more information, visit: Diffuse Coastal Pollution Challenge | Geovation
Driving the Electric Revolution – Building Talent for the Future 2
Innovate UK’s Driving the Electric Revolution challenge, part of UK Research and Innovation, is investing up to £4.5 million in grants for projects building talent for the future.
The aim of this competition is to create and deliver course content and materials that will support skills, talent and training across Power Electronics, Machines and Drives (PEMD) manufacturing and supply chains; building awareness of PEMD and filling key gaps in the UK’s workforce talent and training capabilities.
Opportunities could include but are not limited to:
- schools’ engagement
- apprenticeships and internships
- upskilling and reskilling of existing workforce
- technical courses and vocational training
- undergraduate, postgraduate and continuing professional development (CPD)
This is an expression of interest (EoI) stage of a two stage competition. There is no funding at this EoI stage. If you are successful in this stage, you will be invited to apply into the full stage competition, which will open in March 2022.
Research & Development (R&D) Tax Relief provides excellent incentives for UK companies to invest in innovation, but the claims process itself can be complicated and convoluted, with lengthy paperwork involved and plenty of room for error. It is therefore essential that businesses seek specialist advice to ensure that all associated risks are minimised and that all aspects of the process are taken care of, thereby maximising one’s chances of getting back all the tax benefit owed to you, through the undertaking of said innovative activities.
For further information, or to arrange a no obligation preliminary meeting on how your company could qualify under the R&D Tax Relief scheme, please contact us.