Public Accounts committee transcript: The Industrial Strategy Challenge Fund - Mar 4

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).