Overview of Funding Landscape for Rail Innovation Engagement Programme
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Overview of Funding Landscape for Rail Innovation Supplement to ICEC Innovation in Franchising Bidder Engagement Programme (Updated February 2015) Executive Summary The purpose of this funding landscape document and accompanying table is to provide the TPE and Northern shortlisted bidders (plus wider franchise, train & freight operators and supply chain community) with a snapshot of the potential sources of funding and schemes from which they, or members of their supply chain, may be able to access or leverage funding in support of their innovation activities. Contained in the table and this accompanying document is a comprehensive overview of the broad range of sources and schemes which have been structured in such a way as to be relevant to different segments of the rail industry i.e. the TPE and Northern shortlisted bidders, other franchise and train operating companies in the first instance, and subsequently supply chain companies and academia latterly. Specifically for the TPE and Northern shortlisted bidders (plus other franchisees / train operating companies possibly bidding for upcoming Franchises) the table and document are intended to guide bidders at the bid stage when considering Innovation Strategy / Innovation Implementation Plans etc. into thinking toward partnering & leveraging in order to meet the DfT’s objectives for Innovation in Franchising and to deliver benefits to the wider rail industry as per the Rail Technical Strategy (RTS 2012). The table and document contain funding sources and schemes which are relevant at the time of writing and in many cases for months & years to come as they form part of longer-term e.g. Government funding initiatives. Hence many funding sources and schemes should be relevant in the context of TPE and Northern at the bidding stage, Franchise start and into the early part of the Franchise period. The document and table does not provide a ‘live’ view of funding sources and schemes going forward. However the links provided to the specific funding bodies and schemes will enable a check on the latest funding calls, plus there are ongoing activities e.g. within FutureRailway which will provide a regularly revised view of the most relevant funding sources and schemes. TPE and Northern shortlisted bidders, (plus wider franchise, train & freight operators and supply chain community) are advised to periodically check the funding bodies’ websites (links provided herein) and the FutureRailway website (http://www.futurerailway.org/eit/Pages/Innovators.aspx). February 2015 1|Page Contents 1. Introduction ............................................................................................................................................ 4 1.1 Purpose of the Funding Landscape.......................................................................................................... 4 1.2 Funding Landscape - Rationale ............................................................................................................... 5 1.3 Funding Landscape – Approach .............................................................................................................. 5 1.4 Funding Landscape – Structure of Table ................................................................................................. 6 1.4.1 Operating Companies & Large Supply Chain Companies ........................................................................ 6 1.4.2 Supply Chain Companies (SMEs) ............................................................................................................ 6 1.4.3 Academia ............................................................................................................................................... 7 1.4.4 Export opportunities / Major Rail projects ............................................................................................. 7 2. Funding Schemes .................................................................................................................................... 8 2.1 Operating Companies & Large Supply Chain Companies ......................................................................... 8 2.1.1 Government................................................................................................................................ 8 2.1.1.1 Government Departments (BIS, DfT, DCLG, DECC, DfE, HM Treasury and LEPs) .................. 8 2.1.1.2 HM Revenue and Customs .................................................................................................... 11 2.1.1.3 Innovate UK (former Technology Strategy Board - TSB) (Update) ...................................... 13 2.1.1.4 FutureRailway (Update) ........................................................................................................ 19 2.1.1.5 Rail Safety and Standards Board (RSSB) ............................................................................... 22 2.1.1.6 UK Commission for Employment and Skills (UKCES) (Update) ............................................ 22 2.1.1.7 Transport Systems Catapult .................................................................................................. 23 2.1.2 European Community ............................................................................................................... 23 2.1.2.1 Horizon 2020 .......................................................................................................................... 23 2.1.2.2 INEA – Innovation and Networks Executive Agency (former TEN-T EA) (Update) .............. 30 2.1.2.3 Shift2Rail (Update) ................................................................................................................. 32 2.1.2.4 EU Structural & Investment Funds (EISF) (Update) .............................................................. 34 2.1.2.5 European Investment Bank (EIB) & EU (Update).................................................................. 35 2.1.3 Private Investment ................................................................................................................... 36 2.1.3.1 The Carbon Trust: Venture Capital Investment .................................................................... 36 2.1.3.2 Siemens: Energy Efficiency Financing (NEW) ........................................................................ 36 2.2 Supply Chain Companies (SMEs) ........................................................................................................... 37 2.2.1 Government.............................................................................................................................. 37 2.2.1.1 Innovate UK (former Technology Strategy Board - TSB) (Update) ...................................... 37 2.2.1.2 Energy Entrepreneurs Fund - DECC (NEW) ........................................................................... 38 2.2.1.3 Future Railway (Testing Vouchers) ....................................................................................... 39 2.2.1.4 Growing Autonomous Mission Management Applications (GAMMA) Programme ........... 39 2.2.1.5 UK Steel Enterprise Grant funding (Regional Growth Fund) ................................................ 40 2.2.1.6 BIS: Finance for Business ....................................................................................................... 40 2.2.1.7 BIS: British Business Bank Investment .................................................................................. 40 2.2.2 European Community ............................................................................................................... 41 2.2.2.1 Horizon 2020 .......................................................................................................................... 41 2.2.2.2 EUREKA (NEW) ....................................................................................................................... 42 2.2.2.3 Eurostars ................................................................................................................................ 42 2.2.2.4 Low Carbon Innovation Fund ................................................................................................ 42 2.2.2.5 Low Competitiveness of Enterprises and SMEs (COSME) (Update) ..................................... 43 February 2015 2|Page 2.2.2.6 European Investment Bank (EIB) (Update)........................................................................... 43 2.2.3 SMEs and Academia .................................................................................................................. 44 2.2.3.1 Anglia Ruskin University (Low Carbon KEEP Programme) (Update) .................................... 44 2.2.3.2 Lincoln Science and Innovation park scheme: Lincoln Growth Fund ................................... 44 2.2.4 Private Investment ................................................................................................................... 45 2.2.4.1 Enterprise Capital Fund Programme (Update) ..................................................................... 45 2.2.4.2 Business Angel Co-investment Fund ..................................................................................... 45 2.2.4.3 Joint European Resources for Micro to medium Enterprises (JEREMIE) Fund .................... 45 2.2.4.4 TFG – Capital Private Investment Fund (NEW) ..................................................................... 46 2.2.4.5 Manufacturing Advisory Service (MAS) (NEW) .................................................................... 46 2.3 Academia ............................................................................................................................................. 47 2.3.1 Government.............................................................................................................................. 47 2.3.1.1 Innovate UK (Update) ........................................................................................................... 47 2.3.1.2 BIS: Investment in the eight great technologies .................................................................. 47 2.3.2 Research Councils, Universities and Societies ........................................................................... 48 2.3.2.1 EPSRC ..................................................................................................................................... 48 2.3.2.2 Royal Society ......................................................................................................................... 48 2.3.2.3 Royal Academy of Engineering ............................................................................................. 48 2.4 Export opportunities / Major Rail projects ............................................................................................ 49 2.4.1 UK Trade & Investment (UKTI) – High Value Opportunities Programme (HVO) ......................... 49 2.4.1.1 Taiwan ................................................................................................................................... 49 2.4.1.2 Portugal ................................................................................................................................. 50 2.4.1.3 Oman ..................................................................................................................................... 50 2.4.1.4 Saudi Arabia ........................................................................................................................... 50 2.4.1.5 Singapore ............................................................................................................................... 51 2.4.1.6 Iceland (NEW) ........................................................................................................................ 51 2.4.1.7 Brazil (NEW) ........................................................................................................................... 52 2.4.1.8 India (NEW) ............................................................................................................................ 52 2.4.1.9 Qatar (NEW) .......................................................................................................................... 52 2.4.1.10 Thailand (NEW) ...................................................................................................................... 53 2.4.1.11 Indonesia (NEW) .................................................................................................................... 53 2.4.1.12 Vietnam (NEW) ...................................................................................................................... 54 2.4.1.13 Canada (NEW) ........................................................................................................................ 54 2.4.1.14 Bahrain (NEW) ....................................................................................................................... 54 3. Examples of Rail Alliancing / Partnering ............................................................................................... 56 February 2015 3|Page 1. Introduction 1.1 Purpose of the Funding Landscape The purpose of this funding landscape document and accompanying table is to provide the TPE and Northern shortlisted bidders (plus wider franchise, train & freight operators and supply chain community) with a snapshot of the potential sources of funding and schemes from which they, or members of their supply chain, may be able to access or leverage funding in support of their innovation activities. Contained in the table and this accompanying document is a comprehensive overview of the broad range of sources and schemes which have been structured in such a way as to be relevant to different segments of the rail industry i.e. the TPE and Northern shortlisted bidders, other franchise and train operating companies in the first instance, and subsequently supply chain companies and academia latterly. Specifically for the TPE and Northern shortlisted bidders (plus other franchisees / train operating companies possibly bidding for upcoming Franchises) the table and document are intended to guide bidders at the bid stage when considering Innovation Strategy / Innovation Implementation Plans etc. into thinking toward partnering & leveraging in order to meet the DfT’s objectives for Innovation in Franchising and to deliver benefits to the wider rail industry as per the Rail Technical Strategy (RTS 2012). The table and document contain funding sources and schemes which are relevant at the time of writing and in many cases for months & years to come as they form part of longer-term e.g. Government funding initiatives. Hence many funding sources and schemes should be relevant in the context of TPE and Northern at the bidding stage, Franchise start and into the early part of the Franchise period. The document and table does not provide a ‘live’ view of funding sources and schemes going forward. However the links provided to the specific funding bodies and schemes will enable a check on the latest funding calls, plus there are ongoing activities e.g. within FutureRailway which will provide a regularly revised view of the most relevant funding sources and schemes. TPE and Northern shortlisted bidders, (plus wider franchise, train & freight operators and supply chain community) are advised to periodically check the funding bodies' websites (links provided herein) and the FutureRailway website (http://www.futurerailway.org/Pages/default.aspx). Other useful summaries of funding sources, schemes and relevant documents are referenced below: RIA (Rail Industry Association) (http://www.riagb.org.uk/) RRUKA funding guide (http://rruka.org.uk/) Rail North1 (http://www.railnorth.org/) 1 Rail North is the interim name of the organisation working to devolve franchising for rail from Whitehall to the North of England. A joint Rail North – Department for Transport Working Group has developed the detail of the size and scope of the new Northern and TransPennine franchises. February 2015 4|Page 1.2 Funding Landscape - Rationale The Innovation in Franchising Funding Scheme (IiF-FS) is one significant enabler whereby the TPE and Northern Franchisee will be able to identify, prioritise, plan and implement transformational innovation projects or activities within the TPE and Northern franchises with benefits to both customers (passengers) and to the business. In order to maximise the success and extent of innovation in franchising, the TPE and Northern franchisees are encouraged to consider forming partnering / alliancing relationships with other operators (both passenger and network), supply chain etc. and to leverage other sources of funding. This document has been prepared to provide the TPE and Northern Franchise shortlisted bidders with an overview of the potential sources of funding which could be considered for leveraging. The same information equally applies to the successful TPE and Northern Franchisees and indeed any other company from the wider operator or supply chain community. As with any landscape review of this nature this document captures a snapshot of the most relevant sources of funding which are either available or becoming available at the time of writing and are likely to be relevant during the TPE and Northern bidding stage plus the initial period of the TPE and Northern Franchises. Every attempt has been made to identify and capture the breadth of funding sources available but it cannot be guaranteed that every initiative has been included. Any company, whether from the TPE and Northern Franchise shortlisted bidders, the successful Franchisee or from the wider operator or supply chain community, should seek appropriate advice from their own or other, professional financial council and from the specific funding body in considering any application to these funding schemes. There are also some independent consultancies who offer assistance in this regard in identifying most suitable funding schemes and assisting in the preparation of submissions / proposals. 1.3 Funding Landscape – Approach An in depth research of the potential funding sources and schemes, has been conducted primarily considering the following: UK and (some) European sources of funding; those sources specifically targeting Rail industry and applications; sources targeting adjacent but relevant Transport sectors e.g. Automotive, Aerospace; sources targeting potential technical areas / challenges of relevance to Rail; *sources relevant to the Franchise Operator company, its incumbent supply chain companies (or other supply chain companies) and to research organisations with whom the Franchise Operator could look to influence or partner; public sources e.g. central and regional Government and private sources e.g. investment funds, and; relief schemes not providing funding per se but enabling e.g. taxes to be offset against R&D / innovation spend. February 2015 5|Page The output from the research has been tabulated for convenience to show and compare the range of different potential funding sources and schemes and is accompanied by this report including background information for the individual schemes, examples of rail-related projects which have been successfully funded under these schemes, plus links to the actual webpage / website for the individual schemes. 1.4 Funding Landscape – Structure of Table The tabulated range of funding sources and schemes includes the name of the specific scheme, the funding body, an indication of the size of the scheme and timescale (duration), maximum (or typical) project size under the scheme, the degree of match funding available, indication of eligibility (insofar as company type e.g. large company, SME, academia) plus a link to the webpage or website for the scheme. Clearly not all categories of information are readily available for every scheme, but in the majority of cases the information provided enables comparisons to be made and for companies to identify, prioritise and target the most appropriate funding schemes. A further categorisation of the funding sources and schemes has been provided around the following, which will be explained in the sections below: 1. Operating Companies & Large Supply Chain Companies; 2. Supply Chain Companies (SMEs); 3. Academia (Operating Companies Influence/Impact); 4. Export Opportunities (Operating Companies & Supply Chain Companies). NB For all the categories outlined below there is no guarantee over eligibility as this depends on many factors including company type, specific development project type etc. 1.4.1 Operating Companies & Large Supply Chain Companies This category includes funding sources and schemes which to an Operating company, or large Supply Chain company, should be directly accessible (via the appropriate application process and criteria), or to which they should be eligible to apply for funding. This does not mean that either the Operating company or large Supply Chain company are able to apply for funding alone, as more often than not a collaboration or a consortium will be required, but they may be the lead or prime for funding application. 1.4.2 Supply Chain Companies (SMEs) This category includes funding sources and schemes which are primarily intended for companies in the SME category via the appropriate application process and criteria. Despite not being directly accessible to an Operating company (assumed to be classified as a large company) these schemes are included as the Operating Company may consider utilising its relationships with SMEs, possibly as members of its existing supply chain, in order to advise (e.g. providing end user requirements, inputs to business case etc.) on operator / industry challenges of relevance for an application for funding. February 2015 6|Page 1.4.3 Academia This category includes funding sources and schemes which are primarily intended for Higher Education Institutes, HEIs (academia) via the appropriate application process and criteria. Clearly the innovations targeted in this category are longer-term research activities or considered as lower Technology Readiness Level i.e. TRL 1 to 3. Despite not being directly accessible to an Operating company (assumed to be classified as a large company) or companies within its supply chain, this category is included because maintaining awareness of, and indeed influencing future innovations, should be a part of an Operating company’s overall innovation strategy given the potential timeframes for the Franchise period. The rationale here is that TRL 1 to 3 activities could mature and become relevant for example for TRL 4 to 6 engagement by an Operator or supply chain company within the timeframe of a Franchise and hence become relevant for some of funding sources and schemes in the sections 1.3.2 and 1.3.1 above. 1.4.4 Export opportunities / Major Rail projects This category provides an overview of some of the major international rail programmes and projects including those overseas where, for example, there may be (i) assistance to Operating or Supply Chain companies provided by Government UKTI to engage with such projects; and (ii) there may be opportunities for Operators to leverage additional funding for innovation activities, trialling opportunities, partnering. Clearly these opportunities will come under normal commercial business processes as opposed to application for funding processes. February 2015 7|Page 2. Funding Schemes This section of the document provides a brief explanation of each of the funding schemes included in the table. For convenience a link is provided between the specific scheme in the table and the relevant paragraph in the text below. The reader is recommended to seek advice and guidance for each scheme from the weblinks to the specific theme or funding body, which are included in the table and for convenience in each paragraph in the text below. 2.1 Operating Companies & Large Supply Chain Companies This category includes funding sources and schemes which to an Operating company, or large Supply Chain company, should be directly accessible (via the appropriate application process and criteria), or to which they should be eligible to apply for funding. This does not mean that either the Operating company or large Supply Chain company are able to apply for funding alone, as more often than not a collaboration or a consortium will be required, but they may be the lead or prime for funding application. 2.1.1 Government 2.1.1.1 Government Departments (BIS, DfT, DCLG, DECC, DfE, HM Treasury and LEPs) 2.1.1.1.1 Regional Growth Fund (Update) The Regional Growth Fund (RGF) is a £3.2 billion fund, helping companies throughout England to create jobs between now and the mid-2020s. The payment of Regional Growth Fund money is spread between 2011 and 2017. Regional Growth Fund supports projects and programmes that are using private sector investment to create economic growth and sustainable employment. The Regional Growth Fund is a competitive fund and has a minimum bid threshold of £1 million. The June 2013 Spending Round allocation made a further £600 million available for bids in Rounds 5 and 6 of the Regional Growth Fund. Grant or loan support to private sector undertakings will almost always be regarded as State Aid and therefore must be compatible with European Union rules. Update (Dec 2014): Round 6 closed to bids on the 30th September. An additional Round 7 has not been announced yet. (Link to webpage) ( Table 1. Funding Landscape Table) Example The Government is providing crucial funding enabling the University of Huddersfield’s Centre for Innovation in Rail (CIR) to go ahead. This £4 million Regional Growth Fund grant will be matched by the project partners. The overall investment in the project is over £20 million February 2015 8|Page Example The Tees Riverside Intermodal Park (TRIP) is the first phase of AV Dawson’s £10m infrastructure expansion and follows a 25 per cent increase in its container business at Middlesbrough’s Riverside Park. Companies using the terminal will benefit from a direct link to the East Coast Main Line as well as to Dawson’s existing freight facilities, which include its Ayrton Railhead, North Sea Supply Base and Dawson’s Wharf quays on the adjacent River Tees. The Government has invested £1.2m in the project through its Regional Growth Fund (RGF). 2.1.1.1.2 Growing Places Fund The £730 million Growing Places Fund is supporting key infrastructure projects designed to unlock wider economic growth, create jobs and build houses in England. The fund is an important boost for local economies and provides a major opportunity for local enterprise partnerships and local authorities to identify and prioritise the infrastructure they need for growth. A large number of these schemes have been stalled or delayed due to instances of prior lack of investment in infrastructure or land assembly through market or the planning process. Unlocking the investment problems with the Growing Places Fund according to local economic priorities is a tangible delivery of this government’s localism agenda. The range of projects being supported by the Growing Places Fund includes site access/site clearance, broadband and transport infrastructure, utilities, refurbishment of buildings and flood defence barriers. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.1.3 Single Local Growth Fund Government has also indicated that the Local Growth Fund will be worth at least £2billion in every year. The first round of Local Growth Fund resources can be used by Local Enterprise Partnerships to support those local economic growth priorities agreed in their Strategic Economic Plan. As set out in the Spending Round, Local Growth Fund is bringing together resources to support housing, transport and skills. These are some of the key drivers of local growth and the Government will expect Local Enterprise Partnerships to reflect these themes strongly, but not exclusively, in their plans to invest Local Growth Fund where that is appropriate. In 2015-16, more than £800m of local major transport funding will be transferred to the SLGF which pools local transport, skills and housing cash, to help boost local growth - and another £300m from transport streams including the Local Sustainable Transport Fund. The fund will also have a further £5bn of transport funding from 2016-17 to 2020-21 to ‘enable long-term planning of priority infrastructure’ the document states. (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 9|Page 2.1.1.1.4 Local Growth Deals (NEW) Local Growth Deals are an extension of the Local Growth Fund. Of the £12 billion Local Growth Fund, around £5 billion remains to be allocated. Growth Deals provide funds to local enterprise partnerships or LEPs (partnerships between local authorities and businesses) for projects that benefit the local area and economy. The first wave of Growth Deals was announced on 7 July 2014. The government expanded the deals on 29 January 2015, investing a further £1 billion in local economies across England. The complete list of Growth Deal allocations so far can be found here. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.1.5 Waterborne Freight Grants (MFG) and Mode Shift Revenue Support (MSRS) (Update) The Department for Transport (DfT) supports the shift away from road to rail and water transport through the Mode Shift Revenue Support (MSRS) and Waterborne Freight Grant (WFG) schemes. Budget for the operating grants is £18.63 million for 2013 to 2014 with a similar amount for the 2014-2015 period. Support from this bid round is expected to remove over 44,573 lorry journeys from the roads of Great Britain between February 2014 and March 2015. Allocations for the former rounds can be found here. In January 2015 the DfT announced further investments in both the MFG and the MSRS schemes2. The closing dates for bid rounds for allocation of 2015/16 resource funding will be: - 5 June 2015 for funding from 28 June (rail period 4) 25 September 2015 for funding from 18 October (rail period 8) 15 January 2016 for funding from 7 February 2016 (rail period 12). (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.1.6 Employer Ownership Pilot Fund (EOP) (Update) The Employer Ownership Pilot was launched on 7 February 2012. Jointly funded by the Department for Business, Innovation and Skills (BIS) and the Department for Education (DfE) to route public investment directly to employers so they can design and deliver more flexible training packages. Employer Ownership Pilot Round Two (EOP2) follows the first round of this pilot, with £340 million to 2015/16. Round 2 of the pilot invites more ambitious bids from employers willing to work together to deliver skills solutions in their industry and locality, aligned to a broader industrial strategy. Employers can develop proposals to create jobs, raise skills, and drive enterprise and economic growth in England, and look for co-investment from Government to meet the costs. In January 2015 BIS released a new guidance document for the EOP scheme (open until March 2017)3. (Link to webpage) ( Table 1. Funding Landscape Table) 2 DfT’s further investment in MFG and MSRS: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/398445/supplementary-guidancedecember-2014.pdf 3 Employer Ownership Pilot (EOP) – State Aid Guidance: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/394210/bis-15-13-employer-ownershipof-skills-pilot-scheme-state-aid-guidance.pdf February 2015 10 | P a g e 2.1.1.1.7 Business Finance Partnership The Business Finance Partnership was set up by BIS to invest £1.2 billion in increasing lending to small and medium sized businesses from sources other than banks. The Business Finance Partnership has 2 strands: the first strand (based on 6 funds4) invests in fund managers who lend to medium sized businesses with turnover of up to £500 million, while the second strand (7 funds4) invests in non-traditional lenders that provide an alternative source of lending for small businesses with turnover up to £75 million. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.1.8 Enterprise Zones (Update) Enterprise Zones are areas around the country that support both new and expanding businesses by offering incentives. There are currently 24 Enterprise Zones across England (map). Businesses that will decide to open or relocate within these EZs will be able to access several benefits, such as: - Financial benefits: up to 100% Business Rates relief (up to £275,000) over a 5-year period; On-site customer base: many EZs are encouraging businesses in the same sector to cluster together, for mutual benefit; A straightforward planning process: a can-do attitude to planning through the use of simplified planning procedures; Business-ready infrastructure: easy access to superfast broadband, motorways, rail, airports, ports and many other infrastructures. In January 2015 the Government announced further investments (£40 million) in the EZs through the Local Growth Deals scheme (see 102.1.1.1.4)5. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.2 HM Revenue and Customs 2.1.1.2.1 Research and Development (R&D) Relief (Update) The Research and Development (R&D) Relief is a Corporation Tax (CT) relief that may reduce your company or organisation's tax bill. There are two schemes for claiming relief, depending on the size of the company or organisation: a) the Large Company Scheme and b) the Small or Medium-sized Enterprise (SME) Scheme. 1. Large Company Scheme Until 2012, tax relief was only available if a company spent at a rate of at least £10,000 a year on qualifying R&D costs in an accounting period. This limit has now been removed for accounting periods ending on or after the 1st April 2012. From 1st April 2008, the tax relief on allowable R&D costs is 130% - that is, for each £100 of qualifying costs, a company/organisation could have the income on which CT is paid reduced by an additional 4 Business Finance Partnership – List of Funds: https://www.gov.uk/government/policies/making-it-easier-to-set-up-andgrow-a-business--6/supporting-pages/encouraging-private-sector-investment 5 Enterprise Zones to benefit of £40 million injection: http://enterprisezones.communities.gov.uk/enterprise-zonesbenefit-40-million-funding-injection/ February 2015 11 | P a g e £30 on top of the £100 spent. If instead there is an allowable trading loss for the period, this can be increased by 30% of the qualifying R&D costs - £30 for each £100 spent. This loss can be carried forwards or back in the normal way. 2. SME scheme This scheme has higher rates of relief. From the 1st April 2012, the tax relief on allowable R&D costs is 225% - that is, for each £100 of qualifying costs, the company/organisation could have the income on which CT is paid reduced by an additional £125 on top of the £100 spent. It also includes a payable credit in some circumstances. The Research and Development Expenditure Credit (RDEC) is a new UK tax incentive designed to encourage large companies to invest in R&D. Companies can reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure. The RDEC scheme6 has been introduced for expenditure incurred on or after 1 April 2013. It will initially be optional, running alongside the Large Company enhanced-deduction scheme which it will replace in April 2016. Relief is given as a taxable credit on the amount of qualifying R&D expenditure. The rules for identifying qualifying R&D activity and calculating R&D expenditure remain unchanged. From 1 April 2013 relief is given at 10% of qualifying R&D expenditure. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.2.2 Enhanced Capital Allowances (ECA) (Update) The Enhanced Capital Allowance (ECA)7 Scheme is a key part of the Government’s programme to manage climate change. It provides businesses with enhanced tax relief for investments in equipment that meets published energy-saving criteria. An ECA is claimed through a business income or corporation tax return in the same way as any other capital allowance. However there are different types of supporting evidence needed dependent on whether your product is in a non-listed or listed technology area. For a product to be eligible for ECAs it must meet specific energy saving eligibility criteria. There are several different technology categories included on the ECA scheme, many of which are sub-divided into sub-technology categories. The eligibility criteria8 for each category is reviewed each year (by DECC, HRRC and HR Treasury) and updated to reflect technological and market developments. (Link to webpage) ( Table 1. Funding Landscape Table) 6 Research and Development Expenditure Credit (RDEC): https://www.gov.uk/corporation-tax-research-and-developmentrd-relief 7 Enhanced Capital Allowance (ECA): https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/368320/ECA272_A_guide_to_equipmen t_eligible_for_Enhanced_Capital_Allowances__6_.pdf 8 Enhanced Capital Allowance (ECA) - ENERGY TECHNOLOGY CRITERIA LIST: file:///C:/Users/Paolo/Downloads/Energy_Technology_%20Criteria_list_2013%20(1).pdf February 2015 12 | P a g e 2.1.1.3 Innovate UK (former Technology Strategy Board - TSB) (Update) Innovate UK is the new name for the Technology Strategy Board (TSB). As the TSB, Innovate UK is a UK public body operating at arm's length from the Government reporting to the Department for Business, Innovation and Skills (BIS). Its goal is to accelerate economic growth by stimulating and supporting business-led innovation. Innovate UK strategy focuses on five areas: i) accelerating the journey between concept and commercialisation, ii) connecting the innovation landscape, iii) turning government action into business opportunities, iv) Investing in priority areas based on potential and v) continuously improving their capability. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.3.1 Collaborative R&D (Update) By co-funding projects involving partnerships between businesses and between business and academia, collaborative R&D reduces financial and technical risk and encourages knowledge exchange, supply chain development and parallel working on complex challenges. Innovate UK holds frequent competitions for collaborative R&D project funding, in a wide range of areas covering specific technical or societal challenges. Each £1 Innovate UK invests in collaborative R&D typically returns around £7 in GVA (Gross Value Added). (Link to webpage) ( Table 1. Funding Landscape Table) Example Enabling The Digital Railway: The Station of the future Stations as a Service (StaaS) is a two-year project to create a new management and commercial model for future stations, integrating communications and mobile subsystems onto a single, IP- based network. Co-funded by the Technology Strategy Board (TSB), Telent Technology Services will be working with Workware Systems and Abellio Transport Holdings on the project, which is to be led by CISCO Systems. 2.1.1.3.1.1 GNSS receivers: using new satellite systems (NEW) Innovate UK is to invest up to £1 million in feasibility studies to support continued innovation in global navigation satellite system (GNSS) receiver technologies. Innovate UK will be supporting projects that stimulate technology development for applications suited to the Galileo system9, in line with the Government's commitment to help deliver growth under the UK Space Innovation and Growth Strategy (IGS)10. 9 Galileo: the European global satellite-based navigation system (http://www.gsa.europa.eu/galileo/why-galileo) 10 UK Space Innovation and Growth Strategy (IGS): https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/298362/igsaction-plan.pdf February 2015 13 | P a g e These feasibility studies must be business-led and collaborative. They are open to companies of any size. Small or micro businesses could receive up to 70% of their eligible project costs, medium-sized businesses 60% and large businesses 50%. The projects are expected to last 3-to-6 months and to range in size from total costs of £100,000 to £200,000, although projects outside this range might be considered. The competition opened on the 19th January 2015 and the deadline for registration is the 11th March 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.3.1.2 Integrated Transport: Local Authority Solutions (NEW) Innovate UK is to invest up to £9 million in collaborative research and development to stimulate innovation in integrated transport solutions for local authorities. The aim of this competition is to meet user needs by connecting people and/or goods to transport products and services. Innovate UK will fund projects that work with local authorities to make transport more user-friendly and accessible. Proposals must be collaborative and business-led. The scheme is open to companies of any size. Small or micro businesses could receive up to 60% of their eligible project costs, medium-sized and large businesses up to 50%. Total project size is expected in the range of £2-4 million, with a duration of up to 2 years, although projects outside this ranges might be considered. This is a two-stage competition that opened on the 12th January 2015. The deadline for registration is 18th March 2015 and the deadline for completed applications is the 25th March 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.3.1.3 Creating Smart Products from Smart Materials (NEW) Innovate UK and the Engineering and Physical Sciences Research Council (EPSRC) will invest up to £6 million in collaborative research and development (R&D) projects to encourage the development of smart products that use a combination of functional, hybrid and multiple materials. Innovate UK and EPSRC are looking to fund projects that bring together material suppliers with processing specialists and end-users to focus on the challenges of manufacturing and exploiting existing materials. Projects must be collaborative and business-led, business partners will generally attract up to 50% public funding for their project costs (60% for SMEs), with elements of research carried out by academic partners. Projects should last between 1 and 3 years. Total project costs are expected to be in the range of £500,000 to £1 million, although projects outside this range might be considered. This is a two-stage competition that opens for applicants on the 16th March 2015. The deadline for registration is the 29th April 2015. The deadline for expressions of interest is the 6th May 2015. There will be a briefing event for potential applicants in London on 25th March 2015. (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 14 | P a g e 2.1.1.3.1.4 Supply Chain Integration in Construction (NEW) Innovate UK is to invest up to £2 million in feasibility studies to explore new ways of increasing collaboration and improving the flow of information throughout the construction supply chain. The lack of integration within the supply chain is leading to lost opportunities for innovation. Innovate UK are therefore seeking proposals that will encourage the creation of more integrated, collaborative supply chains in this sector. These feasibility studies must be business-led. Projects are open to companies of any size working in collaboration. Small businesses could receive up to 70% of their eligible project costs, medium-sized businesses 60% and large businesses 50%. Projects are expected to last from 6 to 12 months with total costs ranging from £50,000 to £150,000, although larger projects might be considered. This competition opens on the 9th March 2015. The deadline for registration is the 15th April 2015 and the deadline for applications is the 22nd April 2015. A briefing day for potential applicants will be held in Bristol on the 19th March 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.3.1.5 Cleaner, More Efficient Conventional Fuels (NEW) Innovate UK is to invest up to £5m in a) collaborative R&D and b) feasibility studies to stimulate innovation in 1) the extraction and 2) the use of conventional fossil fuels. Innovate UK is seeking to fund projects that address one or more of the following themes: - oil and gas field efficiency, management and decommissioning; advanced fossil-fuel process technologies and product innovation in power generation and energy-intensive industries, fuel switching with lower-carbon substitutes; carbon capture and storage in power generation and energy-intensive industries. Collaborative R&D Innovate UK is allocating up to £4m of the total funding for business-led, collaborative R&D projects. For these projects (industrial research), the business partner in the project can attract 50% public funding for their project costs (60% for SMEs). Projects must be led by a business and they are expected to be within a range of £250k-£1.5m, although larger projects might be considered. (Link to webpage) Feasibility Studies Up to £1m of the total funding will be available for smaller-scale feasibility studies (or pre-industrial research) led by SMEs. These studies can be collaborative (working with large businesses, other SMEs or research organisations) or developed by a single SME. Projects are expected to be in a range of £100k-£150k and to last up to 12 months. (Link to webpage) February 2015 15 | P a g e The competition opens for both types of project application on the 2nd March 2015. The deadline for feasibility studies, for which there is a single-stage process, is the 10th June 2015. The deadline for expressions of interest for collaborative R&D, for which there is a two-stage process, is the 15th April 2015. A briefing event for potential applicants will be held in London on 10 March 2015. ( Table 1. Funding Landscape Table) 2.1.1.3.1.6 Energy Catalyst Round 2 (NEW) The Energy Catalyst has been established by Innovate UK, the EPSRC and the Department of Energy and Climate Change (DECC) to accelerate innovation in the energy sector from concept to precommercial readiness by providing investment and support. Funding of up to £14m is available for the second round, which opened on the 6th November 2014. The three major challenges facing the energy sector addressed by this call are: - reducing emissions improving security of supply reducing cost The competition is structured in three different calls: - Early-stage award: Technical feasibility (only for SME or academia – see section 2.2.1.1.1) Mid-stage awards: Technology development Mid-stage awards will fund projects that take innovative ideas forward through the technology development stage by conducting industrial research and development including, for example, laboratory studies, component or system development and testing, verification and evaluation in simulated environments. Total project costs: £500k-£3m Business partner funding: up to 60% of total project costs for SMEs or 50% for large companies. (Link to webpage) - Late-stage awards: Pre-commercial technology validation These projects will demonstrate and evaluate the capability and performance of innovative technologies through pre-commercial technology validation including, for example, prototype and pilot testing and field trials at the component and system levels in realistic operating environments. Total project costs: £1m-£10m Business partner funding: up to 35% of total project costs for SMEs or 25% for larger companies. (Link to webpage) Mid-stage and Late-stage awards will close on the 18th February 2015. ( Table 1. Funding Landscape Table) 2.1.1.3.1.7 Flexible Manufacturing (NEW) Innovate UK and the EPSRC are to invest up to £7m in collaborative R&D projects to encourage flexible manufacturing. The aim of this competition is to encourage the development, demonstration and implementation of novel equipment, processes and/or systems. Projects must be collaborative February 2015 16 | P a g e and business-led, with at least two businesses in the consortium. Total project costs: £500k – £1.5m Business partner funding: up to 60% of total project costs for SMEs or 50% for larger companies. The deadline for expressions of interest is on the 4th February 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.3.1.8 Solving Urban Challenges with Data – Feasibility Study (NEW) Innovate UK, Natural Environment Research Council (NERC) and Economic and Social Research Council (ESRC) are investing up to £7.5m in collaborative R&D projects and feasibility studies for innovative, commercial solutions to increase the resilience, quality of life or economic performance of urban areas by integrating environmental, social and/or economic data with data from other sources. The focus of this scheme is on better defining and solving problems through new ways of combining data. Up to £2.5m of the total funding will be available for smaller-scale feasibility studies. Projects must be business led and a business partner can attract up to 70% public funding for their projects costs (60% for medium organisations, 50 for large). We expect feasibility studies projects to range in size from £50k to £200k and to last up to 12 months. The competition opened on the 8th December 2014 and deadline for registration is the 11th March 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.3.1.9 India-UK Collaborative Industrial R&D Programme (NEW) The India-UK Collaborative Industrial R&D Programme aims to support business-led collaborative R&D projects between Indian and UK companies, working with academic organisations from both countries. The programme is jointly delivered by the Global Innovation & Technology Alliance (GITA), on behalf of the Department of Science & Technology (DST), Government of India and by Innovate UK in the UK. For this RFP/Competition the areas of focus are: - Cleantech Energy Affordable healthcare Advanced Manufacturing Use of Information & Communication Technologies (ICT) in any of the above focus areas. Max project costs (UK partner): £300k Intervention level: up to 50% (100% for academia). The competition opened on the 21st November 2014 and the deadline for the registration is the 15th April 2015. (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 17 | P a g e 2.1.1.3.1.10 Advanced Manufacturing Supply Chain Initiative (AMSCI) Closed! ( Table 1. Funding Landscape Table) 2.1.1.3.2 Knowledge Transfer Partnership (KTP) Knowledge Transfer Partnerships is a UK-wide programme helping businesses to improve their competitiveness and productivity through the better use of knowledge, technology and skills that reside within the UK Knowledge Base. A Knowledge Transfer Partnership serves to meet a core strategic need and to identify innovative solutions to help that business grow. KTP often delivers significant increased profitability for business partners as a direct result of the partnership through improved quality and operations, increased sales and access to new markets. There are three principle players within a partnership: - - Company partner: this is usually a company (including not-for-profit) but in some cases it can be a health or education organisation or Local Authority. KTP supports a broad cross-section of UK firms, regardless of size; Knowledge base partner: this is a higher education institution (e.g. university ), college or research organisation (public or privately funded); KTP Associates: Each partnership employs one or more high calibre Associates (recently qualified people), transferring the knowledge the company is seeking into the business via a strategic project. (Link to webpage) ( Table 1. Funding Landscape Table) Example Example The Technology Strategy Board and the RSSB, the rail industry body for research and development, are to invest up to £1m to establish new Knowledge Transfer Partnerships (KTPs) in the area of modelling and simulation, as it is applied to the rail transport sector. We are looking to support up to 12 KTPs across the UK, to raise the profile of KTP in the rail industry (where it is currently underrepresented), and to help the UK gain a greater share of the expanding global rail market, by translating the UK's academic strengths in this area into commercial success. To develop a predictive model of the rail network which focuses on forecast outcomes across a range of business and customer service objectives. To develop advanced statistical analysis and modelling / simulation techniques. Delta Rail Group Limited & The University of Nottingham (March 2014) February 2015 18 | P a g e Example To review existing maintenance practices, develop condition monitoring products on passenger trains and identify optimal cost effective maintenance strategy and periodicities. First ScotRail Limited & Glasgow Caledonian University (February 2013 to August 2015) 2.1.1.4 FutureRailway (Update) The FutureRailway team has been set up by the rail industry to accelerate research, development and innovation to help ensure we can deliver the Rail Technical Strategy (RTS). The FutureRailway programme is a, collaboration between Network Rail and the Rail Safety and Standards Board (RSSB) working with industry and the supply chain to deliver the RTS. They manage a cross industry research, development and innovation programme and incorporate the former Enabling Innovation Team. FutureRailway helps innovators navigate the complex rail industry landscape and identify the most appropriate route to market. FutureRailway supports the rail industry and its supply chain developing long term technical strategies and delivering the research, development and innovation needed to deliver these strategies. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.4.1 Combined Positioning Alternative Signalling System (COMPASS) (NEW) This competition is seeking concepts and solutions for Phase 2 of a COMbined Positioning Alternative Signalling System (COMPASS). The COMPASS Phase 2 Programme is collaboration between Network Rail and RSSB working with industry and the supply chain to support delivery of the Rail Technical Strategy (RTS). COMPASS is a system that is being developed to enable trains to continue to move when the current signal system fails. It will also provide signallers with an alternative and more accurate view of a train’s position, speed and direction of travel. COMPASS Phase 2 is a competitive programme jointly funded by Network Rail and RSSB under the FutureRailway programme. The aim of Phase 2 of COMPASS is to develop, commission and demonstrate a complete control system as indicated in Figure 1, which includes ‘Compass Central Data Integrator’ in a representative environment with reasonably realistic supporting elements thereby demonstrating that the COMPASS control system has achieved Technology Readiness Level (TRL) 5-6. It is envisaged that the three parts of COMPASS Phase 2 will be undertaken as follows: - Feasibility - Part 1, successful bidders/consortia will be invited to carry out an initial fixedprice feasibility study to investigate the technical and commercial viability of their proposed solutions the ‘Compass Central Data Integrator’. Up to 5 consortia will be funded from the £300,000 budget available for part 1. February 2015 19 | P a g e - - Integration and Test Facility (I&TF) - Part 2, the most promising ‘Compass Control System’ solutions will be asked to demonstrate systems and component validation in a relevant environment. There is a Budget of £700,000 to fund 2-3 solutions being funded for this part of the competition. Demonstrator - Part 3, prior to the beginning of this final part of Phase 2 Network Rail and FutureRailway will review the scoring and award criteria to ensure that this reflects the outcomes and emerging technical requirements. This will then be shared with those consortia funded for part 2. There is a budget of £1,550,000 available for Part 3. And it is anticipated that one solution will be funded and taken forward to demonstration. The closing date for submissions is 1pm on Friday 27th March 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.4.2 Accelerating Innovation in Rail (AliR) Competition (NEW) The FutureRailway programme and Innovate UK are to invest up to £6m to support business innovation in digital technologies that improve the customer experience in UK and international rail markets. Proposals should demonstrate how they help to meet the specific industry challenges and contribute to the following high-level programmes developed by the rail industry to deliver the Customer Experience portfolio of the Rail Technical Strategy: Freight customer Passenger: end-to-end journey Customer research: social and emotional profiling Passenger: rail journey The train journey: use of time Passenger facilities and engagement Friendly big brother (a railway customer database) Real-time information Cycling/access to railway stations Station of the future Proposals must be collaborative and business-led and must clearly present the benefits to business and the impact of the innovation on UK rail. Business partner will generally attract up to 50% public funding for their project costs (60% for SMEs). The total cost of the project is expected to be in the range of £250,000 - £2million, however larger projects might be considered. This is a two-stage competition which opens for applications on Monday 9 March 2015. The deadline for registration is noon on Wednesday 15 April 2015 and the deadline for expressions of interest is noon on Wednesday 22 April 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.4.3 Train Operator Competition (TOC) (NEW) FutureRailway will be launching a £6m competition for Train Operating Companies (TOCs) and Owning Groups on Tuesday 17 March 2015. The competition aims to further the opportunity for the operator community to de-risk potential step change innovations and is open to all passenger train operators and owning groups. February 2015 20 | P a g e The competition is in alignment with the Department for Transport's recently launched Innovation in Franchising (IiF) programme and its associated funding scheme, IiF-FS. It will be piloted alongside the recently awarded Inter City Railways and the forthcoming TransPennine Express (TPE) and Northern franchises. FutureRailway will be seeking innovation proposals led by Train Operators and involve appropriate supply chain partners/consortia, which will: Address key operator business challenges including technology, process and business models Ensure these are aligned to the key themes of the Rail Technical Strategy (RTS) If successful, deliver step change benefits to the operators business and wider rail industry Further information on the competition and the launch event will be soon published on FutureRailway’s website. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.4.4 Rail Innovation Support Engine (RISE) The Rail Innovation Support Engine (RISE) is a dedicated programme which aims to provide support to individuals, organisations and innovators in any industry to assist rail projects in moving through Technology Readiness Levels (TRL) 4 to 7. We can help innovators to move their projects from successful analytical or experimental proof of concept through to implementation. Support may take the form of capital investments; customer introductions and brokering; commercial and technical advice which supports the development and demonstration of innovative technologies and / or processes in the areas of: - Performance Safety Environment Cost-effectiveness Customer experience Typical investments represent up to 50% of the total project value. Match funding from applicants can form any or a combination of work effort, cash, contributions from the supply chain, etc. Innovators will, at a later stage of the application process, be asked to develop a proposal which provides the EIT with proportionate return on investment over a period of time based on revenue forecasts. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.4.5 Power Train Challenge Closed! ( Table 1. Funding Landscape Table) 2.1.1.4.6 Rail Operator Challenge Competition (ROCC) Closed! ( Table 1. Funding Landscape Table) 2.1.1.4.7 Future Ticket Detection Closed! ( Table 1. Funding Landscape Table) February 2015 21 | P a g e 2.1.1.4.8 Avoid of Bridge Reconstruction Closed! ( Table 1. Funding Landscape Table) 2.1.1.4.9 Pantograph Measurement Closed! ( Table 1. Funding Landscape Table) 2.1.1.5 Rail Safety and Standards Board (RSSB) RSSB is a not-for-profit company owned by major industry stakeholders with the aim to help the UK rail industry understand risk, guide standards, manage research, development and innovation and collaborate to improve. RSSB offers a grant scheme aimed at research projects with a direct route to industry application. The RSSB Research and Development Grant Scheme is a mechanism for funding railway research and development that was launched in June 2009. The grant is intended to help individual RSSB members overcome potential financial obstacles to the development and implementation of R&D. Grants are made up to a maximum of 50% of the total project cost. The contribution from the consortium must be made up of at least 20% cash, the remainder being in-kind contributions. Contribution from grants received from other sources cannot be counted toward the consortium contribution. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.1.6 UK Commission for Employment and Skills (UKCES) (Update) The UK Commission for Employment and Skills (UKCES) is running a programme of competitions that target specific workforce development problems. In October 2014, UKCES released a report to provide information with regards to UKCES’ future programmes11. From April 2014 around £4-5m has been made available annually to support projects identified through a number of targeted competitions. (Link to webpage) (Back to the table) 2.1.1.6.1 UKCES Growth and Innovation Fund (GIF) The Growth and Innovation Fund (GIF) helps employers develop their own innovative skills solutions which have the potential to transform growth in their sector, region or supply chain. (GIF) is currently supporting 37 employer-led projects. Public investment in this portfolio of projects totals £41m which has been matched by £55m of investment by employers. (Link to webpage) (Back to the table) 2.1.1.6.2 UKCES Employer Investment Fund (EIF) The Employer Investment Fund (EIF) was launched in March 2011 by the UK Commission for Employment and Skills (UKCES) and has supported 87 projects. Public investment in this portfolio of projects totalled £70.3 million which has been matched with £53.9 million of private investment. (Link to webpage) (Back to the table) 11 UKCES – Future Programmes: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/363925/14.10.15._UKFP_Introduction_V 4.pdf February 2015 22 | P a g e 2.1.1.7 Transport Systems Catapult The Transport Systems Catapult forms part of an elite network of seven technology and innovation centres established and overseen by the Technology Strategy Board. Together, they represent a £1bn public and private sector investment over the next five years. The Transport Systems Catapult will enable UK industry to generate economic growth, playing a transformational role in transport systems technology and innovation. Mission: To help UK businesses to create products and services that meet the needs of the world's transport systems as they respond to ever-stretching demands. It will help sell UK capability on the global stage, using the UK as a test bed. It will bring together organisations in a way that has not happened before, breaking down barriers and providing a unique capability to develop innovative transport systems. (Link to webpage) ( Table 1. Funding Landscape Table) Example Instant Weather This pilot project will combine real-time weather and environmental hazard information with the development of new services and applications. We will be bringing together buyers from transport logistic companies, infrastructure companies and public sector bodies to explore the challenges facing transport and logistical decision makers that could be solved through the development of weather and transport data solutions. 2.1.2 European Community 2.1.2.1 Horizon 2020 Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020) – in addition to the private investment that this money will attract. It promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.1 Mobility for Growth (Update) This Challenge aims to boost the competitiveness of the European transport industries and achieve a European transport system that is resource-efficient, climate-and-environmentally-friendly, safe and seamless for the benefit of all citizens, the economy and society. The Transport Challenge is allocated a budget of €6,339 million for the period 2014-2020 and will contribute to four key objectives, each supported by specific activities. (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 23 | P a g e Example Societal Challenge: Smart, Green and Integrated Transport This Challenge aims to boost the competitiveness of the European transport industries and achieve a European transport system that is resource-efficient, climate-and-environmentally-friendly, safe and seamless for the benefit of all citizens, the economy and society. The Transport Challenge is allocated a budget of €6 339 million for the period 2014-2020 and will contribute to four key objectives, each supported by specific activities including: Mobility for Growth; Green Vehicles; Small Business and Fast Track Innovation for Transport 2.1.2.1.1.1 MG-8.3-2015 Facilitating Market take up of innovative transport infrastructure solutions (Update) Actions should lead to the improvement and capacity building in the field of public purchasing of innovative solutions in transport infrastructure leading to implementation of best available solutions on cross-border TEN-T network business cases representative of typical European situations. Proposals should be driven by clearly identified procurement needs of infrastructure owners (the procurers), including life-cycle and cost-benefit assessments and should effectively control budget across various European regions. The work should contribute to the revision /development of relevant standards and regulatory framework. Good practises should be made available for replication. Planned opening date: 24th June 2015 Planned Deadline: 15th October 2015 (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.1.2 MG-9.1-2015 Transport societal drivers (Update) A forum for communication, collaboration, relationship building should develop multi-stakeholder interactions and produce an action plan for innovative solution/options for transport and mobility to advance the agenda of the transport sector and society at large. The work should be inclusive of the state of the art of ideas, trials and business endeavours on new mobility concepts. The action plan should focus on: - Understanding user needs, mobility choices, aspirations and behaviours; - Assessing how new mobility concepts would contribute to the overall transport efficiency; - Exploring implications for policies, regulations, standards, forms of governance; - Analysing societal resistance to acceptance of emerging transport technologies and services; - Exploring market opportunities alongside the innovation chain, including services; - Foster consensus-building and public-engagement, thus facilitating the dissemination of good practices and the deployment of innovative transport and mobility solutions. Deadline for submission: 23rd April 2015 (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 24 | P a g e 2.1.2.1.1.3 MG-9.5-2015 Fostering transnational cooperation in European transport research and innovation – NCP network (Update) Support will be given to a consortium of formally nominated NCPs in the area of Transport. The activities will be tailored according to the nature of the area, and the priorities of the NCPs concerned. Various mechanisms may be included, such as benchmarking, joint workshops, enhanced cross-border brokerage events, specific training linked to the Transport Challenge as well as to gender dimension of Research and Innovation, and twinning schemes. Special attention will be given to enhance the competence of NCPs, including helping less experienced NCPs rapidly acquire the know-how accumulated in other countries. The focus throughout should be on issues specific to the Transport Challenge, and should not duplicate actions foreseen in the NCP network for quality standards and horizontal issues under ‘Science with and for Society’. Only NCPs from EU Member States and Associated Countries which have been officially appointed by the relevant national authorities are eligible to participate in and receive funding for this action. Deadline for submission: 23rd April 2015 (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.1.4 MG-5.5a(&)b-2015 Demonstrating and testing innovative solutions for cleaner and better urban transport and mobility (NEW) The first part of the topic addresses Innovation Actions to be carried out by city-led consortia, composed of four to five cities, led by at least two advanced cities, which are committed to establish living laboratories where innovative solutions can be implemented. The participating cities should demonstrate their common interests and their vision on how they will ensure a meaningful and close cooperation. Proposals should outline how the work will support effectively the cities' efforts to follow a viable path towards sustainable mobility. The Commission considers that proposals requesting a contribution from the EU of between € 12 to 18m each for Innovation Actions would allow this specific challenge to be addressed appropriately. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.1.5 MG-8.3-2015 Facilitating market take up of innovative transport infrastructure solutions (NEW) Actions should lead to the improvement and capacity building in the field of public purchasing of innovative solutions in transport infrastructure leading to implementation of best available solutions on cross-border TEN-T network and other business cases representative of typical European situations. Proposals should be driven by clearly identified procurement needs of infrastructure owners (the procurers), including life-cycle and cost-benefit assessments and environmental impacts under the life-cycle perspective, and should effectively control budget across various European regions. The work should contribute to the revision /development of relevant standards and regulatory framework, and to study strategies oriented to favour the innovation in transport sector. Good practices should be made available for replication. The Commission considers that proposals requesting a contribution from the EU of between EUR 1 to 5 million each would allow this specific challenge to be addressed appropriately. Nonetheless, this does not preclude submission and selection of proposals requesting other amounts. (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 25 | P a g e 2.1.2.1.1.6 MG-8.4b-2015 Smart governance, network resilience and streamlined delivery of infrastructure innovation (NEW) Under this call, proposals should address one or several of the following aspects: - - - - Development of whole system planning environments (based e.g. on virtual design concepts such as BIM - Building Information Modelling) to support the streamlined delivery of infrastructure projects from concept to deployment. In this respect, the rail sector deserves particular attention. Innovative, harmonised and lean procurement processes, accompanied by adequate monitoring systems, contracting and tendering methods; management tools to provide help in innovation delivery. Solutions for advanced infrastructure capacity planning and modelling for all transport modes. Solutions for optimal cost-effectiveness, including network resilience, mapping of climate risk hot-spots, reducing environmental impacts, including under climate change, together with appropriate adaptation measures and cross-modal implementation strategies. Solutions for advanced asset management, advanced investment strategies and innovation governance, including smart monitoring systems (such as Structural Health Monitoring) and adequate indicators for cost and quality. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.1.7 MG-2.1-2014 Intelligent Infrastructure (Closed!) (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.1.8 MG-2.2-2014 Smart Rail Service (Closed!) (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.1.9 MG-2.3-2014 New Generation of Rail Vehicle (Closed!) (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.1.10 MG-8.1b-2014 Smarter Design Construction and Maintenance (Closed!) (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.1.11 MG-8.2b-2014 Next generation transport infrastructure: resource efficient, smarter and safer (Closed!) (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.1.12 MG-9.6-2014 Strengthening the research and innovation strategies of the transport industries in Europe (Closed!) (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 26 | P a g e 2.1.2.1.2 EE - Energy Efficiency Research & Innovation (Update) To motivate and support citizen's behavioural change to achieve greater energy efficiency taking advantage of ICT (e.g. personalised data driven applications, gaming and social networking) while ensuring energy savings from this new ICT-enabled solutions are greater than the cost for the provision of the services. Scope: the focus should be on the creation of innovative IT ecosystems that would develop services and applications making use of information generated by energy consumers (e.g. through social networks) or captured from sensors (e.g. smart meters, smart plugs, social media) and microgeneration. These applications range from Apps for smart phones and tablets to serious games to empower consumers stimulate collaboration and enable full participation in the market. The proposed solutions should be deployed and validated in real life conditions in publicly owned buildings (including administrative offices, social housing) and buildings in public use or of public interest. Validation should provide socio-economic evidence for ICT investment in the field and include detailed plans for sustainability and large-scale uptake beyond the project's life time. Deadline for submission: 4th June 2015 (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.3 GSA – Galileo – Application in Satellite Navigation (Update) This H2020 call is structured in three topics: - GALILEO-1-2015: EGNSS applications GALILEO-2-2015: Small and Medium Enterprise (SME) based EGNSS applications (only for SMEs – see section 2.2.2.1.2) GALILEO-3-2015: Releasing the potential of EGNSS applications through international cooperation 2.1.2.1.3.1 GALILEO-1-2015: EGNSS applications (NEW) Proposals should aim at developing new innovative applications, with future commercial impact. The topic addresses application development in all market segments, such as: transport (road, rail, maritime, aviation), high precision surveying, location based services (LBS), agriculture, emergency services etc. responding to user requirements. Application development should be seen in a broad context - it includes the development, adaptation and/or integration of new software, hardware, services, datasets, etc. The use of EGNOS and Galileo Early Services is a key priority for this topic. Activities should promote innovation in order to maximise the potential of the European GNSS and its adoption. They should demonstrate a clear advantage of using Galileo and EGNOS and include synergies with other GNSS. Proposals should aim at the definition and implementation of pilot projects and development of the EGNSS-enabled applications that are close to the market and driven by user requirements with a high societal benefit and a potential to eventually set common standards in the field of GNSS applications. The proposal should have a clear intention and rationale to commercialise the products and services developed, including a business plan. Deadline for submission: 8th April 2015 (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 27 | P a g e 2.1.2.1.3.2 GALILEO-1-2015: GALILEO-3-2015: Releasing the potential of EGNSS applications through international cooperation (NEW) Activities under this topic will enable the development of innovative applications within international context and related standards with high international impact, ensuring that the EGNSS services are well known and can be used throughout the world. The objective is to support new proposals consisting of demonstrators of applications, adaptations of applications to a specific and local context outside of the European Union and the implementation of applications benefiting from multiple constellations, including Galileo. GNSS should be used as the primary positioning technology in the application and positioning should be a key enabler of the application. Third countries will be guided and supported in adapting services and developing applications corresponding to local needs and ensure that no unnecessary restriction to the use of the EGNSS is applied. Focus will be on regions of the world, which represent an attractive market for the European industry. The Commission considers that proposals requesting a contribution from the EU of between €0.5 and 1.5 million would allow this specific challenge to be addressed appropriately. Nonetheless, this does not preclude submission and selection of proposals requesting other amounts. Proposals are expected to foster application development through international cooperation and create a broad acceptance of EGNSS in non-European countries. The consortium should aim to transform the research results into innovation in third countries, through the networking of relevant technology developers with local academia, incubators, SMEs, representatives from civil society as well as local authorities, notably for the provision of public services, best practices and technology through the establishment of self-sustainable partnerships and collaborative initiatives. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.4 NMP – Nanotechnologies, Advanced Materials and Production (Update) Nanomaterials are intended to improve the performance of existing production technologies, and to give new functionalities to products, such as lightweight solutions for transportation and construction, enhanced properties for packaging materials and processes, decreased wear and friction of yarns, enhanced electrical performance and reliability and high-performance thermal insulation and UV shielding fibrous materials (e.g. hollow fibres). This H2020 call is structure in a large number of sub-calls. For more information and the full list of open sub-calls visit the NMP page on the H2020 website12. 2.1.2.1.4.1 NMP-02-2015: Integration of novel nanomaterials into existing production lines (NEW) Development and demonstration in operational environments; the integration of technologies and processing for using novel nanomaterials in production; to improve the control and monitoring of the conditions required for the use of nanomaterials in industrial processes; to increase the level of robustness and repeatability of such industrial processes; to optimise and evaluate the increased performances of the production lines in terms of productivity and cost-effectiveness; to assess the functionality and performance of the produced component/product. 12 Horizon 2020 – List of calls: http://ec.europa.eu/research/participants/portal/desktop/en/opportunities/h2020/master_calls.html#h2020-mg-20142015 February 2015 28 | P a g e For this topic, proposals should include an outline of the initial exploitation and business plans, which will be developed further in the proposed project. Expected impact of projects under this call is: - - - Accelerated market uptake of nanomaterials and products in one or more of the following sectors: fibre, yarn and textile; biomedical products, packaging products; energy; construction and building; and transportation. This non-exhaustive list does not preclude submission and selection of proposals addressing other sectors. Improvement in existing manufacturing processes and equipment through integration of nano materials, demonstrating better resource efficiency, safety, sustainability and recyclability of a wide variety of components and final products. Improvement in technical knowledge on the integrated manufacturing processes for nanomaterials in terms of productivity, environmental performance and cost-effectiveness. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.1.5 ICT – Information and Communication Technologies (Update) This H2020 call is structure in a large number of sub-calls. For more information and the full list of open sub-calls visit the NMP page on the H2020 website13. 2.1.2.1.5.1 ICT-30-2015: Internet of Things and Platforms for Connected Smart Objects (NEW) This topic cuts across several LEIT-ICT challenges (smart systems integration, cyber-physical systems, smart networks, big data) and brings together different generic ICT technologies (nano-electronics, wireless networks, low-power computing, adaptive and cognitive systems) and their stakeholder constituencies. Their applicability across multiple application domains (e.g. ehealth, energy, food chain, intelligent transport and systems, environmental monitoring and logistics) bridges the gap to applications-specific developments under the H2020 Societal Challenges. Expected impact of projects under this call is: - - Emergence of a European offer for integrated IoT systems and platforms with identified players capable of acting as technology and infrastructure integrators across multiple application sectors. Availability of architectures and methodologies that can be used by integrators and SME's to provide IoT turnkey solutions in a variety of application fields. Dissemination and availability of results for technology transfer and pre-normative activities e.g. in standardisation for an open source initiatives and/or relevant bodies like the EIT. For a full description of this call visit the call-page on the H2020 website. (Link to webpage) ( Table 1. Funding Landscape Table) 13 Horizon 2020 – List of calls: http://ec.europa.eu/research/participants/portal/desktop/en/opportunities/h2020/master_calls.html#h2020-mg-20142015 February 2015 29 | P a g e 2.1.2.2 INEA – Innovation and Networks Executive Agency (former TEN-T EA) (Update) The Trans-European Transport Networks (TEN-T) are a planned set of road, rail, air and water transport networks in Europe. TEN-T envisages coordinated improvements to primary roads, railways, inland waterways, airports, seaports, inland ports and traffic management systems, providing integrated and intermodal long-distance, high-speed routes. The Innovation and Networks Executive Agency (INEA) is the successor of the Trans-European Transport Network Executive Agency (TEN-T EA), which was created by the European Commission in 2006 to manage the technical and financial implementation of its TEN-T programme. INEA officially started its activities on 1 January 2014 in order to implement the following EU programmes: - Connecting Europe Facility (CEF) Parts of Horizon 2020 – Smart, green, and integrated transport + Secure, clean and efficient energy Legacy programmes: TEN-T and Marco Polo 2007-2013 (Closed) INEA's main objective is to increase the efficiency of the technical and financial management of the programmes it manages. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.2.1 Connecting Europe Facility (Update) Under the Connecting Europe Facility (CEF), €26.25 billion will be made available from the EU’s 20142020 budget to co-fund TEN-T projects in the EU Member States. Of this amount, €11.305 billion will be available only for projects in Member States eligible for the Cohesion Fund (UK not eligible). CEF financial support takes primarily two forms: i) grants and ii) contributions to innovative financial instrument. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.2.1.1 Grants On the basis of the annual and multiannual work programmes, the Commission launches calls for proposals for project applications for EU grant support. The Commission selects the projects to which financial support will be allocated, and decides on the amount of the financial support for selected project, on the basis of a competitive selection process. For more information, visit the website. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.2.1.2 2014 CEF Transport Multi-annual Call: Funding Objective 1 (NEW) The 2014 CEF Transport Multi-annual Call's Funding Objective 1 has a budget of €6 billion. Funding Objective 1 aims at bridging missing links, removing bottlenecks, enhancing rail interoperability, and, in particular, improving cross-border sections. It addresses the following priorities: - Pre-identified projects on the corridors of the Core Network (railways, inland waterways, roads, maritime and inland ports) February 2015 30 | P a g e - Pre-identified projects on other sections of the Core Network (railways, inland waterways, roads, maritime and inland ports) Rail interoperability European Rail Traffic Management Systems (ERTMS) The deadline for this call is the 26th February 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.2.1.3 2014 CEF Transport Multi-annual Call: Funding Objective 2 (NEW) The 2014 CEF Transport Multi-annual Call's Funding Objective 2 has a budget of €250 million. Funding Objective 2 aims at ensuring sustainable and efficient transport systems in the long run, with a view to preparing for expected future transport flows, as well as enabling all modes of transport to be decarbonised through transition to innovative low-carbon and energy-efficient transport technologies, while optimising safety. It addresses the following priorities: - - Deployment of new technologies and innovation in all transport modes, with a focus on decarbonisation, safety and innovative technologies for the promotion of sustainability, operation, management, accessibility, multimodality and efficiency of the network Safe and secure infrastructure - including safe and secure parking on the road Core Network The deadline for this Call is the 26th February 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.2.1.4 2014 CEF Transport Multi-annual Call: Funding Objective 3 (NEW) The 2014 CEF Transport Multi-annual Call's Funding Objective 3 has a budget of €750 million. Funding Objective 3 aims at optimising the integration and interconnection of transport modes and enhancing the interoperability of transport services, while ensuring the accessibility of transport infrastructures. It addresses the following priorities: - Single European Sky – SESAR River Information Services (RIS) Intelligent Transport Services for road (ITS) Motorways of the Sea (MoS) Actions implementing transport infrastructure in nodes of the Core Network Connections to and development of multimodal logistics platforms The deadline for this Call is the 26th February 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.2.1.5 Loan Grant Instrument for TEN-T The Loan Guarantee Instrument for Trans-European Transport Network Projects (LGTT) can partially cover risks for projects or part-projects that are deemed of common interest (as defined in Decision No 1692/96/EC) and receive income from user-charges. The LGTT normally guarantees a maximum of 10% of senior debt (20% in exceptional instances) up to a maximum of EUR 200m per project, following EIB Structured Finance Facility rules. (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 31 | P a g e 2.1.2.2.1.6 Project Bond Initiative The Project Bond initiative is a joint initiative by the European Commission and the EIB. Its objective is to stimulate capital market financing for large-scale infrastructure projects in the sectors of transport (TEN-T), energy (TEN-E) and information and communication technology (ICT). Based on a positive interim evaluation in 2013 and subject to the final evaluation of the pilot phase in 2015, the Project Bond Initiative is expected to be fully rolled-out within the Connecting Europe Facility (CEF) forming part of the 2014-2020 Multiannual Financial Framework (MFF). (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.2.1.7 Marguerite Fund (Closed!) The Marguerite Fund (2020 European Fund for Energy, Climate Change and Infrastructure) is a panEuropean equity fund that acts as a catalyst for key investments in renewables, energy and transport. Together with the European Commission and other institutional investors the fund has commitments of EUR 710m. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.3 Shift2Rail (Update) The Shift2Rail Joint Undertaking (S2R JU)14 is a new public-private partnership in the rail sector, providing a platform for cooperation that will drive innovation in the years to come. The Founding Members of the Joint Undertaking are the European Union plus eight representatives of the rail industry, including rail equipment manufacturers Alstom, Ansaldo STS, Bombardier, Construcciones y Auxiliar de Ferrocarriles (CAF), Siemens and Thales, as well as infrastructure managers Network Rail and Trafikverket. The S2R JU has set ambitious targets and a robust framework in which to meet them. Specifically, the initiative aims to double the capacity of the European rail system, increase its reliability and service quality by 50%, all while halving the lifecycle costs. To achieve this, the S2R JU will pursue research and innovation activities in support of the achievement of the Single European Railway Area (SERA) and improve the attractiveness and competitiveness of the European rail system. Activities will be organised around five key “Innovation Programmes”: - IP1: cost-efficient and reliable trains, including High Speed trains and high-capacity trains; IP2: advanced traffic management & control systems; IP3: cost-efficient and reliable high capacity infrastructure; IP4: IT Solutions for Attractive Railway Services; IP5: Technologies for Sustainable & Attractive European Freight. The estimated budget of S2R JU is €920 million, €450 million of which from the EU (€52 already allocated for H2020 Transport Work Programme 2014-2015) and €470 million from the JU members (€270 million from the 8 founding members and €220 million from the new associate members). 14 Shift2Rail Joint Undertaking (S2R JU): http://www.shift2rail.org/ February 2015 32 | P a g e On the 6th October, S2R JU launched a call for associate members15 (closed now) which will assign the official membership to the successful applicants by March 2015. In the period of April-June 2015 the S2R JU will initiate the procedure for awarding grants to its members. (Link to webpage) ( Table 1. Funding Landscape Table) Example Innovation Programme 1 (IP1) Energy & Mass Efficient Technologies for High Capacity Trains The new technologies to be developed which will complement those from other IPs are Traction Drives; Wireless TCMS; Car body-shells incorporating lightweight materials; Running gear; Braking systems; and Doors. Example Innovation Programme 2 (IP2) Advanced Traffic Management & Control Systems This Innovation Programme addresses the need to maintain the dominance of ERTMS as a solution for railway signalling and control systems across the world. Three research thrusts: (A) Capacity and Efficiency Surge; (B) Smart Procurement & Testing; (C) Dependable Safe Signalling System Example Innovation Programme 3 (IP3) Cost Efficient-High Capacity Infrastructure Innovation Programme 3 (IP3) has identified four key research areas for which innovations will contribute significantly to the SHIFT²RAIL objectives: Mechatronic Switches & crossings; Radically innovative Tracks; Rail Maintenance; Energy supply system. 15 S2R JU – Call for Associate Members: http://ec.europa.eu/transport/modes/rail/doc/shift2rail/2014-10-06call-associated-member-s2rju.pdf February 2015 33 | P a g e Example Innovation Programme 4 (IP4) IT Solutions for a Seamless Attractive Railways IP4 is a necessary complement to the other IPs both by focussing on increasing user demand for the rail transport mode and by providing data management opportunities that have the potential for cross-modal application and to facilitate smart monitoring of asset performance and availability. Example Innovation Programme 5 (IP5) Technologies for Sustainable & Attractive European Freight IP5 should be dedicated to the development and adaptation of innovative technologies to rail freight. It should not be limited to freight wagons, but should also cover locomotives, infrastructure and operations, validated through large-scale tests. 2.1.2.4 EU Structural & Investment Funds (EISF) (Update) There are 5 funds under the EU Structural & Investment Funding Scheme; - the European Regional Development Fund (ERDF) the European Social Fund (ESF) the European Agricultural Fund for Rural Development (EAFRD) the Cohesion Fund (CF) the European Maritime and Fisheries Fund (EMFF) For the 2014 to 2020 funding period, the European Regional Development Fund (ERDF), the European Social Fund (ESF) and part of the European Agricultural Fund for Rural Development (EAFRD), will be brought together into an EU Structural and Investment Funds Growth Programme. Up to £5 billion are available for investment in several areas, top priorities of this Programme being innovation, support for SMEs, low carbon, skills, employment and social inclusion. Projects under this programme can be funded up to 50% of the total project costs. In the UK, this fund will be broken-down by the Local Enterprise Partnerships (LEPs). (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 34 | P a g e 2.1.2.5 European Investment Bank (EIB) & EU (Update) The EIB is the European Union's bank, a bank owned by and representing the interests of the European Union Member States. The EIB supports projects that make a significant contribution to growth and employment in Europe, focussing on four priority areas: - Innovation and skills Access to finance for smaller businesses Climate Action Strategic Infrastructure The EIB provides medium to long-term funding through a complete range of financial instruments, from senior secured loans to flexible risk-bearing financial instruments such as junior loans, equity, quasi-capital and guarantees. The EIB generally finance one-third of each project but it can be as much as 50%. For a complete list of EIB’s products, visit http://www.eib.org/products/. 2.1.2.5.1 European Clean Transport Facility (ECFT) ECFT has been phased out, but similar projects could be supported via its normal lending activities. Please contact the Communication Department for further details: info@eib.org 2.1.2.5.2 Individual Loan Individual loans for projects normally exceeding €25 million in cost can be requested directly from the EIB without any particular formalities. As a general rule, a comprehensive feasibility study as well as the borrower’s financial data (audited annual reports, financial projections) should be submitted. Projects financed must be: - economically, technically, environmentally and financially viable; - in line with the mandates entrusted to the Bank. (Link to webpage) (( Table 1. Funding Landscape Table) 2.1.2.5.3 Structured Finance (NEW) EIB can give additional support for priority projects using certain instruments with a high risk profile. These priority areas include trans-European transport and energy networks and other infrastructure, the knowledge economy, energy and SMEs. This support is provided by EIB’s Structured Finance Facility (SFF) using a mix of the following instruments: - senior loans and guarantees incorporating pre-completion and early operational risk subordinated loans and guarantees ranking ahead of shareholder subordinated debt mezzanine finance, including high-yield debt for SMEs experiencing high-growth or are undergoing restructuring project-related derivatives (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 35 | P a g e 2.1.2.5.4 InnovFin (NEW) "InnovFin – EU Finance for Innovators" is a joint initiative launched by the European Investment Bank Group (EIB and EIF) in cooperation with the European Commission under Horizon 2020. InnovFin consists of a series of integrated and complementary financing tools and advisory services offered by the EIB Group, covering the entire value chain of research and innovation (R&I) in order to support investments from the smallest to the largest enterprise. InnovFin is available across all eligible sectors under Horizon 2020, in EU Member States and Associated Countries. InnovFin financing tools cover a wide range of loans and guarantees which can be tailored to innovators’ needs. Financing is either provided directly or via a financial intermediary, most usually a bank. By 2020, InnovFin is expected to make over EUR 24bn of debt and equity financing available to innovative companies to support EUR 48bn of final R&I investments. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.2.5.5 Risk Sharing Finance Scheme (RSFF) Closed! ( Table 1. Funding Landscape Table) 2.1.3 Private Investment 2.1.3.1 The Carbon Trust: Venture Capital Investment The Carbon Trust, through its investments activity, finances emerging clean energy technology businesses that demonstrate commercial potential. Carbon Trust Investments Limited, a wholly owned subsidiary of the Carbon Trust, makes early stage venture capital and seed investments to accelerate the commercialisation of clean energy businesses in the UK. It is a £46m fund, which it invests - leveraged with other private funding - into the UK’s clean energy technology industry. CT Investment Partners LLP is the venture capital fund management associate that advises them on their investment activities. (Link to webpage) ( Table 1. Funding Landscape Table) 2.1.3.2 Siemens: Energy Efficiency Financing (NEW) Siemens Financial Services (SFS) recognises sustainability as a critical issue for businesses globally, both large and small and is dedicated to enabling sustainability gains. As an expert in energy efficiency and renewable energy funding, SFS joined forces with the Carbon Trust in 2011 to create the Energy Efficiency Financing scheme (EEF) - designed to help facilitate investment in new technology in an easy, affordable and flexible way. Siemens offers a number of different financing options (from finance lease to lease purchase and operating lease) to meet challenges in energy generation, storage and efficiency. A full list of SFS products can be found here. (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 36 | P a g e 2.2 Supply Chain Companies (SMEs) This category includes funding sources and schemes which are primarily intended for companies in the SME category via the appropriate application process and criteria. Despite not being directly accessible to an Operating company (assumed to be classified as a large company) these schemes are included as the Operating Company may consider utilising its relationships with SMEs, possibly as members of its existing supply chain, in order to advise (e.g. providing end user requirements, inputs to business case etc.) on operator / industry challenges of relevance for an application for funding. 2.2.1 Government 2.2.1.1 Innovate UK (former Technology Strategy Board - TSB) (Update) 2.2.1.1.1 Energy Catalyst – Round 2 (NEW) The Energy Catalyst has been established by Innovate UK, the Engineering and Physical Sciences Research Council and the Department of Energy and Climate Change (DECC) to accelerate innovation in the energy sector from concept to pre-commercial readiness by providing investment and support. Funding of up to £14m is available for the second round, which opened on the 6 th November 2014. The three major challenges facing the energy sector addressed by this call are: - reducing emissions improving security of supply reducing cost The competition is structured in three different calls, with different intervention levels and funding availability: - - Early-stage award: Technical feasibility Early-stage awards will fund projects that explore and evaluate the technical potential of an early-stage innovative idea or concept through technical feasibility studies. The project will aim to establish if a pre-industrial concept is ready for further technology development. The project must be led either by an SME (acting either individually or collaboratively with any type of organisation) or by a research organisation (collaborating with business). Total project costs: £50k - £300k Business partner funding: up to 75% of their total project costs for SMEs or 65% for larger companies. Mid-stage award: see section 2.1.1.3.1.6 Late stage award: see section 2.1.1.3.1.6 The Early-stage award will close on the 29th April 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.1.1.2 SMART (Update) The Smart scheme tackles the funding gap often experienced by many small and early-stage companies with innovative ideas and high growth ambition and potential. It offers co-funding to UKbased pre-start-ups, start-ups, micro businesses and SMEs, to carry out science, engineering and technology R&D projects which could lead to successful new products, processes and services. The Smart programme is ‘always open' and is not restricted to projects in certain themes or sectors; February 2015 37 | P a g e offering funding to single, UK-based, small and medium-sized enterprises (SMEs), who have high growth ambition and potential, to engage in R&D projects from which successful new products, processes and services could emerge. Three types of grant are available: - Proof of market Proof of concept Development of prototype Round 6 closing on the 26th March 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.1.1.3 Innovation Vouchers (Update) Innovation Vouchers are designed to encourage businesses to look outside their current network for new knowledge that can help them to grow and develop. Start-ups and small and medium-sized businesses from across the UK can apply for an Innovation Voucher. Themes for each round are available on the Innovation Vouchers site. A grant of up to £5000 is available to businesses to work with a supplier for the first time and is used to pay for knowledge or technology transfer from that supplier. The voucher has three key criteria: - The idea that you want help with should be a challenge for your business that means you need to look for specialist help This should be the first time that you have worked with the knowledge supplier Your idea should be applicable to one of the 5 priority sectors: i) agrifood, ii) build environment, iii) cyber security, iv) energy water and waste and v) open data innovators and investors). Round 11 closing on 22nd April 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.1.1.4 Small Business Research Initiative (SBRI): - Tomorrow's Train Design Today Closed! (Link to webpage) ( Table 1. Funding Landscape Table) - An Integrated Future for Cities (Closed!) (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.1.1.5 Technology Inspired Innovation (Closed!) (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.1.2 Energy Entrepreneurs Fund - DECC (NEW) The Department of Energy and Climate Change (DECC) leads the UK Government’s efforts to counter the risks of dangerous climate change, and of a shortfall in the supply of safe, affordable energy. February 2015 38 | P a g e The objective of the Energy Entrepreneurs Fund (EEF) is to support, through capital grants, the development and demonstration of innovative technologies and/or processes in the areas of energy efficiency, power generation, energy storage and carbon capture and storage (CCS). The scheme seeks the best ideas, irrespective of source, in these areas from the public and private sector. However, the scheme particularly aims to assist small and medium sized enterprises, including start-ups. Those companies that are selected will receive additional funding for incubation support. The EEF has been launched in three phases – the first in August 2012, the second in June 2013 and the third in January 2014. To date, 72 projects to develop innovative, low carbon products across a wide range of technologies have been awarded grants to a value of c. £35m. A further £5m will now be available for funding in this fourth phase for project expenditure up to the 31st March 2016. The total requested grant cannot exceed £1m while the maximum total project value must not exceed £2.5m. More information about this scheme can be found here. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.1.3 Future Railway (Testing Vouchers) EIT has teamed up with Network Rail and the Rail Alliance to create a new Testing Voucher scheme. SMEs can get up to five days of subsidised access to the ground testing facilities at the Rail Innovation and Development Centre and at Long Marston site. Testing assists innovative technology to quickly progress to the operational environment. The voucher scheme has been introduced to give a boost to innovative ideas and developments for any rail environment. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.1.4 Growing Autonomous Mission Management Applications (GAMMA) Programme GAMMA Programme16 is to develop existing software applications (‘apps’), which may also be supported by sensor integration, for managing autonomous systems for unmanned vehicles. There is £1.7m worth of Regional Growth Funding to support SME Activity in the Programme, with Companies expected to provide around 30% match through in kind contribution. GAMMA is intended to grow the UK’s industrial base by supporting the development of novel ‘software applications’ for autonomous systems. The GAMMA programme provides: - Between £5-150k per project to develop new technology in systems management; Opportunity to retain Intellectual Property within the company; Dedicated support and resources from academia, BAE, NNL, NWAA & VEC; Opportunities to engage with Automotive, Agriculture, Rail Industry & Nuclear sectors; Creation of relationships with key stakeholders in the autonomous systems supply chain; Opportunity to work with a key customer to take your technology/ application to market. A list of the open calls under the GAMMA Programme can be found here. (Link to webpage) ( Table 1. Funding Landscape Table) 16 GAMMA Programme: http://gammaprogramme.co.uk/ February 2015 39 | P a g e 2.2.1.5 UK Steel Enterprise Grant funding (Regional Growth Fund) UK Steel Enterprise Ltd (UKSE) is the wholly owned subsidiary of Tata Steel tasked with the responsibility of helping the economic regeneration of communities affected by changes in the steel industry. UK Steel Enterprise Grant funding is available through UKSE’s Access to Finance Grant Scheme and is part of the Regional Growth Fund programme which runs until March 2015. The scheme provides grant support in combination with equity and/or loan funding packages. Access to Finance funding is available to: i) SMEs, ii) companies in manufacturing, industrial and many business-to-business sectors, iii) businesses with opportunities to grow, iv) companies based in UK Steel Enterprise operating areas in England17. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.1.6 BIS: Finance for Business Finance for Business is a product under the Solutions for Business program from BIS. It provides a range of finance funds for businesses with viable business plans unable to get support from commercial banks and investors. Nationwide options and Regional Development Agency options are available for the procurement of both debt and equity funding. Equity funds address this market failure by providing approved fund managers with access to public funds to promote deal flow. These funds are aimed at new and fast growing businesses, particularly in new sectors, perceived as too high risk by commercial financiers because of a lack of track record/collateral. Loan support is only available where interest rates are charged above commercial rates (in line with State Aid rules and reflecting the higher risk which commercial lenders are unwilling to meet), where the borrower has been unable to raise finance from commercial lenders despite appropriate signposting and awareness raising (such as finance and investment readiness support) and where there is a viable business plan. Funding is available only for SMEs (maximum of £250,000 in loans, and £2m in equity investment). (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.1.7 BIS: British Business Bank Investment The British Business Bank (currently run directly by BIS) is being set up as an economic development bank to create more effective and efficient finance markets for smaller businesses in the UK. The BBB Investment Programme addresses long-standing gaps in the finance market for smaller business and promotes greater choice in their supply of lending. The Investment Programme was launched in April 2013, with some £300 million (now £400 million) alongside private investors, and is aimed at supporting and developing access to finance for smaller businesses. The Investment Programme will invest in those new and established lending channels best able to meet 4 key objectives: - increase the number of debt finance markets available to SMEs; mobilise new funding from private sector sources to support lending to SMEs; channel finance to SMEs in an effective, appropriate and responsible manner; expand the total amount and / or types of debt funding available to SMEs. (Link to webpage) ( Table 1. Funding Landscape Table) 17 North of England, West Cumbria, Hartlepool, Derwentside, Teeside and Darlington, Yorkshire, Humberside and The Midlands, South Humber, South Yorkshire, the Black Country, Stoke-on-Trent and Corby. February 2015 40 | P a g e 2.2.1.7.1 UK Innovation Investment Fund Established in 2009, the UK Innovation Investment Fund (UKIIF) is a venture capital fund of funds that aims to drive economic growth and create highly skilled jobs by investing in innovative businesses where there are significant growth opportunities. The underlying funds within the UKIIF fund of funds invest in technology based businesses in strategically important sectors to the UK including digital technologies, life sciences, clean technology and advanced manufacturing. (Link to webpage) ( Table 1. Funding Landscape Table ) 2.2.2 European Community 2.2.2.1 Horizon 2020 2.2.2.1.1 SME Instrument (Update) H2020 – SME Instrument is a scheme designed to support SMEs in the development of their plans towards exploitation of their innovation, beyond the research stage, to launch onto the market. In total, more than € 2.8 billion will be allocated for the SME instrument from 2014 to 2020, at least 7% of the total budget of the Societal Challenges and Leading and Enabling Technologies (LEIT) blocks of Horizon2020. The SME Instrument is structured in 3 phases: - - Phase 1 aims to cover the assessment of technical feasibility and market potential of new ideas. Project will be supported through a lump sum of € 50,000 and the typical duration should be 6 months. Phase 2 aims to cover R&I activities with a particular focus on demonstration activities and market replication encouraging the involvement of end users or potential clients. Phase 3 concerns support measures in view of helping SMEs toward commercialising their innovative products and services through measures like networking, training, coaching and mentoring, facilitating access to private capital or better interaction with key stakeholders. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.2.1.2 Galileo-2-2015: SME based EGNSS applications (NEW) This topic will explore new applications in niche market sectors and business models in any application domain. Proposals should aim at developing sophisticated, innovative applications, such as mass market location based services (LBS) products, feasibility studies, market tests etc. Application development should be seen in a broad context - it includes the development, adaptation and/or integration of new software, hardware, services, datasets etc. Proposals should address emerging user needs and, specifically, take advantage of the Galileo and EGNOS capabilities and their distinguishing features. A specific emphasis will be given to support development of technological breakthrough into viable products with real commercial potential, where SMEs, which are considered as the key players for innovation in this domain, play a pivotal role, given their flexibility and adaptability. The Commission considers that proposals requesting a contribution from the EU of between €0.5 and 1 million would allow this specific challenge to be addressed appropriately. Nonetheless, this does not preclude submission and selection of proposals requesting other amounts. (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 41 | P a g e 2.2.2.2 EUREKA (NEW) EUREKA is an intergovernmental organisation for pan-European research and development funding and coordination. EUREKA aims to coordinate efforts of governments, research institutes and commercial companies concerning innovation. The organisation's primary objective is to raise the productivity and competitiveness of European businesses through technology. It also aims to boost national economies on the international market and to strengthen the basis for sustainable prosperity and employment in Europe. EUREKA sponsors a number of European projects. The full list of funding schemes available and live can be found here. Eurogia202018 EUROGIA2020, as a EUREKA Cluster, is committed to enhancing the competitiveness of European industry through the promotion of cross-border, market-oriented industrial innovation. Projects' participants must be organisations from the EUREKA Member Countries. The consortium must comprise at least two industrial companies-Large, Small or Medium sized enterprises- from two different EUREKA member countries. The active participation of research institutes or universities is strongly encouraged. EUROGIA2020 projects must clearly show technical innovation in the future product/process or service (either through using new devices or in the utilization of existing devices in a new application). The project must have a strong market and exploitation orientation. The contribution from any given country must not exceed 66% of the total budget. In parallel, the contribution from any one partner (affiliated organisations count as one partner) must not exceed 66% of the total budget either. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.2.3 Eurostars Eurostars is a programme that supports research-performing small and medium enterprises, which develop innovative products, processes and services, to gain competitive advantage. Eurostars does this by providing funding for transnational innovation projects, the products of which are then rapidly commercialised. The Eurostars programme is publicly financed with a total budget of 1.14 billion euro and is currently supported by 33 EUREKA countries and the European Union. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.2.4 Low Carbon Innovation Fund The Fund is supported by the European Regional Development Fund (ERDF). It uses £20.5M from the ERDF which will be matched with over £30M private sector investment – generating a total of over £50M of investment in the East of England. So far the Fund has invested over £8.5M alongside £26M private co-investment in 26 investments. Turquoise International manages the Fund on behalf of the 18 EUROGIA2020: http://www.eurogia.com/submitting/criteria.html February 2015 42 | P a g e Adapt Low Carbon Group at the University of East Anglia (UEA). The Fund builds on the region's world class low carbon economy and is the largest European Regional Development Fund-funded project in the region. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.2.4.1 Main Fund The Main Fund provides investments between £75k-750k. LCIF funds must always be matched by private co investment of at least the same amount and may not exceed 50% of the total investment round. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.2.4.2 Small Investment Scheme LCIF’s Smaller Investments Scheme provides investments between £25k-75k. LCIF funds must always be matched by private co investment of at least the same amount and may not exceed 50% of the total investment round. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.2.5 Low Competitiveness of Enterprises and SMEs (COSME) (Update) COSME is the EU programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (SMEs) running from 2014 to 2020 with a planned budget of €2.3 billion. COSME has four specific objectives: - improving access to finance for SMEs in the form of equity and debt; improving access to markets, particularly inside the Union but also at global level; improving framework conditions for the competitiveness and sustainability of Union enterprises, particularly SMEs, including in the tourism sector; promoting entrepreneurship and entrepreneurial culture. COSME will start will start at €275 million in 2014 and rise progressively to €430 million in 2020. All actions financed under the programme will be subject to a pre-financing payment paid at the start of the action, interim payments following each reporting period, if applicable, and a final payment, including necessary adjustments, at the end of the last reporting period. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.2.6 European Investment Bank (EIB) (Update) 2.2.2.6.1 European Investment Fund (EIF) EIF is Europe’s leading developer of risk financing for entrepreneurship and innovation. The EIF offers a range of financing solutions for SMEs through a range of intermediaries. Solutions include venture capital, loans, microfinance and guarantees. The EIF had two main statutory goals: i) promote the implementation of European Community policies, notably in the field of entrepreneurship, technology, innovation, growth, employment and regional development, and ii) generate an appropriate return for our shareholders, through a commercial pricing policy and a February 2015 43 | P a g e balance of fee and risk based income The EIF doesn’t lend directly to companies, rather it works via intermediaries. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.2.6.2 Intermediate Loans to SMEs (NEW) The European Investment Bank provides intermediated loans to support the on-lending of its money by ordinary banks for capital investment by small and medium-sized enterprises (SMEs) and for the infrastructure projects of local authorities. EIB funding is allocated through intermediary banks. To be eligible, total project costs cannot exceed €25 million. The EIB's contribution can finance up to 100% of the project cost; however, it cannot exceed €12.5 million. Loans are repaid over a period of between two and 12 years, depending on the economic life of the project. Under this scheme, EIB intermediated loans are available via the local banking system to SMEs and public bodies based in the European Union. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.3 SMEs and Academia 2.2.3.1 Anglia Ruskin University (Low Carbon KEEP Programme) (Update) The Low Carbon KEEP programme provides funding to support East of England businesses to innovate and grow through University partnerships and knowledge transfer. By utilising our funding to improve internal capabilities and implement a resource efficient approach to business through academic guidance, companies can increase profitability and competitiveness. Funded by the European Regional Development Fund (ERDF) and the East of England Development Agency, the Low Carbon KEEP (Knowledge-East of England-Partners) grant will cover 40% of eligible project costs. Funding for the Low Carbon KEEP Programme are available until the end of April 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.3.2 Lincoln Science and Innovation park scheme: Lincoln Growth Fund The Lincoln Growth Fund (from the Regional Growth Fund), working as part of the Lincoln Science and Innovation park scheme, will be delivered by the University of Lincoln until 2015. The scheme will be focused on generating maximum growth from the £24 million partnership between the University and the Lincolnshire Co-operative. The Lincoln Growth Fund provides financial support to SMEs who can demonstrate their capacity to directly create sustainable new jobs, or safeguard existing posts, in the City of Lincoln region (post code areas LN1 to LN6). With a total fund of £1 million available, grants up to £50,000 to maximise job growth potential and economic impact to the local economy. Businesses can apply for grants of up to 40% of their total project value, with applications accepted until March 2015 or until the fund is fully allocated. (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 44 | P a g e 2.2.4 Private Investment 2.2.4.1 Enterprise Capital Fund Programme (Update) ECFs are commercial funds which bring together a combination of private and public money in order to support high growth businesses. The programme operates by providing gearing on private investments in the funds, in effect offering enhanced profits to private investors when funds are successful. This gearing is designed to offer investors returns at the same level they might achieve in later stage venture capital funds. Some funds offering ECF investments are: - Dawn Capital (http://dawncapital.com/index.html) IQ Capital Fund (http://www.iqcapital.co.uk/) MMC Ventures Ltd (http://www.mmcventures.com/) Panoramic Growth Equity (http://www.pgequity.com/) (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.4.2 Business Angel Co-investment Fund The £50m Angel CoFund has been created with a grant from the Regional Growth Fund and is able to make initial equity investments of between £100,000 and £1 million to SMEs alongside syndicates of business angels, subject to certain geographical restrictions and an upper limit of 49 per cent of any investment round. Investment decisions are made by the independent Investment Committee of the Fund, based on the detailed proposals put forward by business angel syndicates. Capital for Enterprise provides close support to the Angel CoFund. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.4.3 Joint European Resources for Micro to medium Enterprises (JEREMIE) Fund The English JEREMIE Funds were established by the English Regional Development Agencies in 2009/10 using finance from central government, the European Regional Development Fund (ERDF) and the European Investment Bank (EIB). The funds are managed by private sector companies which provide equity and loans to SMEs based in their respective regions. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.4.3.1 The North West Fund The North West Fund is a £155m evergreen investment fund established to provide debt and equity funding to small and medium sized enterprises in the North West of England. The Fund will address an identified gap in the lending, venture capital and private equity markets. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.4.3.2 Finance for Business North East The Finance for Business North East programme is a £125m investment fund established to provide debt and equity funding to SMEs based in the north east of England. The fund is financed by the European Regional Development Fund (ERDF) and the European Investment Bank (EIB) under the European Commission's Joint European Resources for Micro to Medium Enterprises Initiative - the JEREMIE programme - and is managed by North East Finance. The Fund comprises seven specific February 2015 45 | P a g e funds, each of which is managed by an experienced fund manager, with responsibility for making investment decisions. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.4.3.3 Finance Yorkshire Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2million, specifically to help small and medium sized businesses meet the gaps in the market for the funding they need for growth and development. Finance Yorkshire has been developed as a European JEREMIE initiative and is capitalised by grants from UK Government (£15m), European Regional Development Fund (£30m) and finance from the European Investment Bank (£45m). Finance Yorkshire invests in businesses based or moving to areas within Yorkshire, North Lincolnshire and North East Lincolnshire. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.4.4 TFG – Capital Private Investment Fund (NEW) TFG Capital is a private investment fund set up to provide bespoke, secured funding to the UK SME market. Funding lines are available from £50,000 to £3,000,000 with terms reflecting the level of asset and property security available along with the required repayment period. (Link to webpage) ( Table 1. Funding Landscape Table) 2.2.4.5 Manufacturing Advisory Service (MAS) (NEW) The Manufacturing Advisory Service (MAS) is an impartial and practical business support service for manufacturing businesses in England, helping them improve and grow. Together with a free review of the business, in order to develop an action plan tailored to their clients’ needs, the company also offers a match funded support (up to £3,000) for SMEs interested in their first development. (Link to webpage) ( Table 1. Funding Landscape Table) February 2015 46 | P a g e 2.3 Academia This category includes funding sources and schemes which are primarily intended for Higher Education Institutes, HEIs (academia) via the appropriate application process and criteria. Clearly the innovations targeted in this category are longer-term research activities or considered as lower Technology Readiness Level i.e. TRL 1 to 3. Despite not being directly accessible to an Operating company (assumed to be classified as a large company) or companies within its supply chain, this category is included because maintaining awareness of, and indeed influencing future innovations, should be a part of an Operating company’s overall innovation strategy given the potential timeframes for the Franchise period. The rationale here is that TRL 1 to 3 activities could mature and become relevant for example for TRL 4 to 6 engagement by an Operator or supply chain company within the timeframe of a Franchise and hence become relevant for some of funding sources and schemes in the sections 2.2 and 2.1 above. 2.3.1 Government 2.3.1.1 Innovate UK19 (Update) The Business Secretary, the Rt Hon Dr Vince Cable MP, has launched Innovate UK’s £50 million investment in nurturing the very latest, potentially game-changing technologies. The 4-year Emerging technologies and industries strategy (2014-2018) will help UK business and academia to transform ideas into reality in seven areas: - synthetic biology energy-efficient computing energy harvesting non-animal technologies emerging imaging technologies graphene quantum technologies This strategy aims to identify these emerging technologies and industries to create national programmes in these fields. This will create opportunities for businesses to establish the skills and capability for the UK to be fastest to global markets. (Link to webpage) ( Table 1. Funding Landscape Table) 2.3.1.2 BIS: Investment in the eight great technologies The Government will fund research into cutting-edge technology and help make the UK one of the best places in the world to do science. £600 million of extra science funding that was committed from the Autumn Statement in 2012 will be allocated in different areas, including: £189 million for big data, £55 million for space related projects, £73 million for advanced materials and £30 million for energy. (Link to webpage) ( Table 1. Funding Landscape Table) 19 See section: 2.1.1.3 February 2015 47 | P a g e 2.3.2 Research Councils, Universities and Societies 2.3.2.1 EPSRC EPSRC is the main UK government agency for funding research and training in engineering and the physical sciences, investing more than £800 million a year in a broad range of subjects, from mathematics to materials science, and from information technology to structural engineering. 2.3.2.1.1 SUPERGEN Energy Storage Challenge call (NEW) EPSRC is looking to support collaborative research proposals to undertake fundamental research that will underpin the development of energy storage technologies. UP to £4 million are available for this call for projects related to: a) b) c) next generation energy storage devices– from materials to manufacture; inform the policy debate on the value and role of energy storage and its impact to help the development of an appropriate regulatory and business market framework; thermal energy storage. Full proposals must be submitted by 16:00 on 7 January 2015. (Link to webpage) ( Table 1. Funding Landscape Table) 2.3.2.1.2 Realising the Graphene Revolution (Closed!) ( Table 1. Funding Landscape Table) 2.3.2.1.3 Software for the Future II (Closed!) ( Table 1. Funding Landscape Table) 2.3.2.2 Royal Society The Royal Society is a self-governing Fellowship of many of the world’s most distinguished scientists drawn from all areas of science, engineering, and medicine. The Society’s fundamental purpose, reflected in its founding Charters of the 1660s, is to recognise, promote, and support excellence in science and to encourage the development and use of science for the benefit of humanity. The Royal Society provides a range of grant schemes to support the UK scientific community and foster collaboration between UK based and overseas scientists20. ( Table 1. Funding Landscape Table) 2.3.2.3 Royal Academy of Engineering The Royal Academy of Engineering is the UK’s national academy of engineering. The Academy brings together engineers from across the engineering sectors for a shared purpose: to advance and promote excellence in engineering. The Academy runs a comprehensive programme of awards and schemes to encourage engineering research and facilitate closer contacts between the industrial and academic worlds. For more information, please visit the website21. ( Table 1. Funding Landscape Table) 20 21 Royal Society: https://royalsociety.org/ Royal Academy of Engineering: http://www.raeng.org.uk/ February 2015 48 | P a g e 2.4 Export opportunities / Major Rail projects This category provides an overview of some of the major international rail programmes and projects including those overseas where, for example, there may be (i) assistance to Operating or Supply Chain companies provided by Government UKTI to engage with such projects; and (ii) there may be opportunities for Operators to leverage additional funding for innovation activities, trialling opportunities, partnering. Clearly these opportunities will come under normal commercial business processes as opposed to application for funding processes. 2.4.1 UK Trade & Investment (UKTI) – High Value Opportunities Programme (HVO) The high value opportunities programme identifies large scale overseas projects offering the most value to UK Plc and aims to provide an intensive level of support to help UK businesses win contracts in and around these opportunities. Example High Value Opportunity: UAE Rail Project Through the High Value Opportunities (HVO) programme, UK Trade & Industry (UKTI) has enhanced Serco’s credibility with local authorities in the United Arab Emirates (UAE), allowing the company to successfully bid for transport projects worth over £800 million. 2.4.1.1 Taiwan22 Rail Project (HVO TWN-15). The HVO project covers both Metro Lines and Mainlines in Taiwan. The Taiwanese have announced ambitious plans to build new metro lines, new stations for high speed rail and major upgrades for traditional railway (mainlines) in Taiwan. These major rail projects will continue up to 2030. Taiwan has a programme to build a low carbon economy and green transport is a top priority. Taipei City Government will lead on metro projects in Taipei, New Taipei City and Taichung City. - 22 There are six metro projects, both new lines and extensions to existing lines worth £9.4 billion; There are potential plans for metro projects in Taoyuan and light rail projects in Kaohsiung; In addition, there will be 3 new stations for high speed rail, and major maintenance signalling upgrades for traditional railways with a total value of £2 billion. Taiwan: http://www.businessopportunities.ukti.gov.uk/export/businessopportunity/827020.html February 2015 49 | P a g e UK companies are well placed to provide goods and services for rail projects and station development. There is also major interest in inviting international architects to design the key metro stations. ( Table 1. Funding Landscape Table) 2.4.1.2 Portugal Working Group for High Added Value Infrastructure (Closed!) ( Table 1. Funding Landscape Table) 2.4.1.3 Oman23 National Railways Network (HVO OMN-1). The Sultanate of Oman, along with other members of the Gulf Co-operation Council (GCC) is in early stages of setting up its first ever railway system at an estimated cost of $15 billion. Plans for the Oman rail network span a length of over 2244 km over 9 segments between the Oman/UAE border in the north and the border with Yemen in the south. The network specification will be double track non-electrified railway line with Continuous Welded Rail (CWR) requiring 12,000km of rails, over 10 million sleepers and over 40 million rail fastenings. Traffic will be a mixture of freight and passenger with plans for 46 stations and 8 maintenance yards. Apart from key components such as tracks, civil engineering, rolling stock etc, opportunities can be expected to arise throughout the life of the project in the following areas of activity: - Topographic Survey, including aerial survey; Geotechnical Investigation; Hydrological studies and Hydraulic Analysis; Integration of logistical and commercial infrastructure. ( Table 1. Funding Landscape Table) 2.4.1.4 Saudi Arabia24 Saudi Railway Programme (HVO SAU-6). Saudi Arabia is presently investing over US $ 45 billion to develop its world class rail networks. Its ambition of a better and bigger railway is starting to come into life, with its new railway projects covering a total length of 7,000 km. The allocated budget for rail development in KSA is believed to be $ 90bn over 30 years. This 30 year master plan will provide ‘an integrated and clear future vision’ for a ‘safer, better and bigger railway. Opportunities in projects already announced to be implemented are: - 23 24 US$7.5bn-Jeddah-Riyadh-Dammam, Landbridge project. To be tendered this year; Oman: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/826960.html Saudi Arabia: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/350720.html February 2015 50 | P a g e - US$25bn Gulf Cooperation Council (GCC) Rail project. To be tendered in year 2013; US$2.3bn Jubail-Dammam link. To be tendered by end 2012; US$20bn Urban Mass Rail Transit-Makkah Metro. 4 lines 182km and 88 stations. To be tendered end 2013; - US$7-8bn Riyadh Metro. Four Consortia already qualified July 2012; - US$20bn New Bahrain Causeway for Rail to be built on BOT. Feasibility study completed; - UK training providers for rail repairs & maintenance, to establish training centres in the Kingdom. To maintain its reputation as a provider of good and reliable service, Saudi Railway Organisation (SRO) is keen to improve standards of their operation. There is ongoing requirement for material/equipment suppliers and service providers. ( Table 1. Funding Landscape Table) 2.4.1.5 Singapore25 Singapore – Mass Rapid Transit (MRT) (HVO SPG-6). The Singapore government announced in 2008 that it was to deliver a number of new projects to develop its MRT System by 2020. In all, it announced over £30 billion of new projects including two new lines and two extensions to existing lines. The Singapore Government has announced plans to build two new lines, the Thomson Line (TSL) and the Eastern Regional Line (ERL), together they will add 48km to the rail network. In addition, a new rapid transit system (RTS) link between Singapore and Malaysia has been announced with a feasibility study underway. The Government has given the go-ahead for the TSL to be built by 2018, and the ERL by 2020. The ERL will serve the residential estates of Tanjong Rhu, Marine Parade, Siglap, Bedok South and Upper East Coast and link them to Changi in the east. The TSL will go from Marina Bay northwards, through the Central Business District and up through Ang Mo Kio all the way to Woodlands connecting estates such as Sin Ming, Kebun Baru, Thomson and Kim Seng which do not now have a direct MRT link. In addition, extensions will be made to the East-West and NorthSouth lines. ( Table 1. Funding Landscape Table) 2.4.1.6 Iceland26 (NEW) Iceland - High speed rail. £500 million high speed airport train project. The project is for a highspeed train between Keflavik Airport and Reykjavik Central (approx. 45 km) with estimated completion in 2019-2020 (expected number of passenger 3-4 million in 2023). Project preparation and tendering process will commence in 2015. ( Table 1. Funding Landscape Table) 25 26 Singapore: http://www.ukabc.org.uk/event-news/news-tenders/singapore-high-value-opportunities-_hvos_/ Iceland: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/787701.html February 2015 51 | P a g e 2.4.1.7 Brazil27 (NEW) Brazil - Transport infrastructure (HVO BRA-44). Brazil has set out two plans to develop its transport infrastructure. The “Plan for Investments in Logistics” (PIL) with a £80.6 billion budget and the “National Plan for Integrated Logistics” (PNLI) with a £100 billion budget. The “Plan for Investments in Logistics” focuses on improving the capacity, reliability and integration of its road, rail, aviation and ports. Rail and road investments are planned which total circa £44 billion, for 10,000 km of freight railways and 7,500 km of roads. ( Table 1. Funding Landscape Table) 2.4.1.8 India28 (NEW) India - Metro Opportunities (HVO – IND 3). Indian metro rail projects in Delhi, Hyderabad and Mumbai. Delhi Metro Rail Corporation (DMRC) plans to cover three high density traffic corridors of Delhi over 104 km with 104 stations of which 40 km will be underground with 31 stations. Hyderabad Metro Rail project covers three high density traffic corridors of Hyderabad covering 72 km with 66 stations. Mumbai: the total length of Metro Line 2 is approximately 32 km encompassing 27 stations along the route. ( Table 1. Funding Landscape Table) 2.4.1.9 Qatar29 (NEW) Qatar - Rail network projects (HVO QAT-4). A £25bn Intergrated Rail Programme is part of Qatar’s infrastructure masterplan designed to help deliver Qatar's National Vision 2030. The immediate delivery deadline is 2022, when Qatar will host the FIFA World Cup. Qatar's high speed passenger and freight rail system will connect to the broader GCC rail network, due for completion in 2032, which will be 2,000km, connecting Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman. Qatar's part of the rail network will connect with a new Doha Metro and Light Rail system. The Qatar Rail Projects are being procured by Qatar Railways Development Company (Qatar Rail ) This organisation is now wholly owned by Qatari Diar (it was previously a joint venture between QD 51% and Deutsche Bahn 49% formed in 2009). The CEO of Qatar Rail is Saad Al-Muhannadi and the Deputy CEO is Hamad Al Bishri. Further details on specific opportunities around these projects will be provided as they become available. ( Table 1. Funding Landscape Table) 27 Brazil: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/826840.html India: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/350161.html 29 Qatar: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/345480.html 28 February 2015 52 | P a g e 2.4.1.10 Thailand30 (NEW) Thailand - Flood management & transport infrastructure (HVO THA-10). Thai government plans to invest £46 billion over the next 5-10 years on infrastructure projects include water management and flood prevention. To accommodate the launch of the ASEAN Economic Community (AEC) and the economic expansion of the Greater Mekong Sub region (GMS), the Thai government plans to invest £46 billion over the next 5-10 years on infrastructure projects. The Government wants to promote Thailand as an ASEAN hub and boost connectivity within the region. Projects to be implemented over the next five years include water management and flood prevention, expansion of Suvarnabhumi Airport and Laem Chabang Port, inter-city motorways, high speed trains and upgrade of the national rail network. ( Table 1. Funding Landscape Table) 2.4.1.11 Indonesia31 (NEW) Indonesia - Infrastructure development (HVO INA-01). Indonesia is rich in natural resources, but it is recognised that to maintain growth and exploit export opportunities investment in infrastructure is necessary. - - - - Energy: Opportunities existing in the design and construction of new power plants (coal, thermal and hydro), the refurbishment and upgrade of existing plants, supply of products and equipment and provision of specialist engineering and asset management services. The Government has set out progressive policies on promoting the use of renewable fuels and sustainable technologies. Rail: The development of and investment in rail infrastructure in Indonesia has been slow but is vital both in supporting commuter expansion and moving freight. Expansion in mining sector development in outlying areas is seeing further investments. The government is also pushing ahead with plans to alleviate congestion in Jakarta, through a range of vehicles, including monorail, metro, mainline commuter and an airport rail link. Airports: Indonesia is an archipelago consisting of 17,000 islands. Passenger numbers have increased six-fold since 1997 and are growing. Construction of new airports and expansion of existing ones will be needed. Ports: This is a key area of development with opportunities for UK companies to become involved in port modernisation and development as well as construction of new ports and allied facilities. ( Table 1. Funding Landscape Table) 30 31 Thailand: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/827040.html Indonesia: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/826820.html February 2015 53 | P a g e 2.4.1.12 Vietnam32 (NEW) Vietnam - Urban regeneration and transport projects (HVO VNM-30). The HVO focuses on urban regeneration in Thu Thiem, the new Long Thanh International Airport in Dong Nai Province and urban railway development (metro systems Hanoi and Ho Chi Minh City). Ho Chi Minh City is Vietnam’s commercial and economic hub with a current population of 9 million. To the meet the needs of Vietnam’s rapidly developing economy (projected to by between 5-6% over the next 3 years), the city is embarking on three ambitious infrastructure projects. A new business and urban area is being created on the banks of the Mekong River. At 657 hectares, it will have residential accommodation for over 150,000 people, a 50-60,000 capacity stadium, international standard schools, hospitals, retail and recreational facilities. The business focus will be on the fast developing financial services and ICT sectors, for which Vietnam is the favoured investment destination in SE Asia. A new mass transit overhead and underground railway is also being developed. Criss-crossing the city’s 2000 sq.km, the six line network will address its urgent public transport needs. A new 4runway international hub airport is also under development. The city’s current airport will soon reach capacity and with passenger traffic rising annually by 20% (the city handles 75% of all passenger traffic in Vietnam) there is a real, and urgent, need. ( Table 1. Funding Landscape Table) 2.4.1.13 Canada33 (NEW) Canada - Toronto light rail transit system (HVO CAN-01). Toronto is developing a 52km light rail transit system with a capital investment of £5.26 billion that will be operational by 2021 as well as an airport rail connection with a capital investment of £285 million that will be operational by 2015. These opportunities incorporate a number of rail projects in Canada. The projects cover the operation, maintenance, extension and new build of light rail, metro and rail in the country; the remit does not extend to high speed rail and freight. The initial focus is on the Toronto rail opportunities, then Calgary, Edmonton, Vancouver, Montreal and other cities followed by other rail projects in Canada. ( Table 1. Funding Landscape Table) 2.4.1.14 Bahrain34 (NEW) Bahrain - Rail opportunities (HVO BHR - 01). The Ministry of Transport has developed an ambitious plan to provide a high quality public transportation network, in a phased manner, up to the year 2030 32 Vietnam: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/667780.html Canada: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/827100.html 34 Bahrain: http://www.businessopportunities.ukti.gov.uk/uktihome/businessopportunity/826260.html 33 February 2015 54 | P a g e The Ministry of Transport aims to provide effective and efficient public transport in Bahrain. The Ministry has developed an ambitious plan to provide a high quality public transportation network, in a phased manner, up to the year 2030. The detailed implementation plan is still being developed but it includes: - National Rail network that links with Khalifa Port GCC Rail network integration through the construction of a 2nd (King Hamad) Causeway for both road and rail Extensive new bus network; 10-year Concession, new vehicles with defined routes and road infrastructure improvements Further land transportation initiatives, including BRT and Light Rail Friendship Bridge – Causeway between Bahrain and Qatar ( Table 1. Funding Landscape Table) Each month hundreds of Business Opportunities are published across all sectors and in over 100 markets on UKTI’s website35. 35 UKTI – Business Opportunities: http://www.businessopportunities.ukti.gov.uk/home.html February 2015 55 | P a g e 3. Examples of Rail Alliancing / Partnering Example Wessex Alliance (South West Trains & Network Rail) An alliance, bringing together a Train Operating company and Network Operator under a single senior joint management team. Under the alliance, there is one combined management team with responsibility for trains and track on the route operating out of London Waterloo making decisions that allows both organisations to deliver a range of improvements for the benefit of passengers. Example Staffs Alliance – Staffordshire Area Improvement Plan Network Rail has established a new partnership with Atkins, Laing O’Rourke and VolkerRail – the first of its kind in the UK – to deliver the £250 million Stafford Area Improvement Programme (SAIP). The planned series of improvements on the West Coast Main Line, which include remodelling, resignalling and the construction a new flyover at Norton Bridge, will be carried out by what Network Rail is describing as a ‘pure construction alliance’ – a consortium model originating from Australia where all member organisations share the project’s benefits & risks. Example Formula 1 technology offers energy savings to light rail (GKN Hybrid Power, formerly Williams Hybrid Power and Alstom) Formula 1 solution provider is adapting energy storage technologies originally developed for the 2009 Williams Formula One car for use on light rail vehicles potentially offering traction energy savings of up to 15%, ideally suited to the stop-start operating patterns of light rail. February 2015 56 | P a g e Example European Space Agency (ESA) SafeRail Project. The objective of SafeRail is to improve the safety at Rail Level Crossings (RLC). In combination with terrestrial technologies, Satellite services such as Satellite Navigation, Satellite Ccommunication or Earth Observation might help to improve safety or to reduce cost. A Proof of Concept will address the most critical elements such as the high reliability demands for Railway Operations or the adaptability to different European countries. The project will also undertake an analysis of the economic and non-economic viability of the system, and will prepare a roadmap for the implementation of the system into a sustainable solution. Example Independently Powered EMU (IPEMU) is a collaboration between Network Rail, FutureRailway, Abellio and Bombardier to demonstrate a battery/electric hybrid EMU is capable of performing a railway duty cycle. FutureRailway are contributing c£3m of the £9m budget. The balance of funding is from the Network Rail’s Discretionary Fund. February 2015 57 | P a g e Table 1. Funding Landscape Table. (*) new information updated on February 2015 1. OPERATING COMPANIES (Directly OPERATING COMPANY (TPE / Accessible / Eligible) & LARGE SUPPLY Northern Franchisee) CHAIN COMPANIES* Funding Body Operating companies own revenue Call Fund Size Innovation in Franchising Funding Scheme (IiF-FS) 1% Annual Turnover (per year) Maximum Project Cost Level of intervention Eligibility Timescale Link New Information (Feb 2015) Up to 100% TPE / Northern Franchisee (+ cooperation with other Operators, TOCs) TPE / Northern Franchise period (start 2016) Link to IiF-FS Guidelines doc Government Government Departments: DBIS, DfT, DCLG, DECC, DfE HM Treasury and through LEPs February 2015 Regional Growth Fund (RGF) ≈ £3.2 billion At least £1 million TBC All sizes 2011 - 2017 link to webpage Growing Places Fund (GPF) £730 million Average: £10 million ≈ 20% of total project costs All sizes Open link to webpage Single Local Growth Fund (SLGF) ≈ £12 billion TBC TBC All sizes 2015 - 2020 link to webpage Local Growth Deals £1 billion TBC TBC All sizes Open link to webpage 58 | P a g e Funding Body HM Revenue & Custom Fund Size Maximum Project Cost Level of intervention Eligibility Timescale Link Freight Grants £18.63 million N/A Up to 30% (€2 million) All sizes 2014 - 2015 link to webpage Employer Ownership Pilot Fund (EOP) £340 million £2 million Depend on the call (up to 100%) All sizes 2015 - 2016 link to webpage Business Finance Partnership (BFP) ≈ £300 million (2013) N/A N/A Open link to webpage Enterprise Zones N/A N/A 100% (Tax Relief - up to £275k in 5 years) Until April 2015 link to webpage N/A N/A 130% (Tax relief on allowable R&D costs) Always Open link to webpage N/A N/A 225% (Tax relief on allowable R&D costs) Always Open link to webpage N/A Up to £500 k N/A All sizes Open link to webpage Depend on the call (between £100 k and £10 m) Depend on the call (between 20% and 80%) All sizes Always Open link to webpage Research and Development (R&D) Relief for Corporation Tax Enhanced Capital Allowances (ECA) Innovate UK (former Technology Strategy Bard TSB) February 2015 New Information (Feb 2015) Call Collaborative R&D \ Businesses in the UK with a turnover up to £500 million Businesses opening or relocating within an EZ Large Company (only claim R&D Relief if company liable for Corporation Tax) SME (only claim R&D Relief if company liable for Corporation Tax) 59 | P a g e Funding Body Call KTP Fund Size \ £125 million (+ Industrial Match Funding which gives approx. £240m from 2014 to 2019) Maximum Project Cost Level of intervention Eligibility Timescale Link New Information (Feb 2015) Around £100k Up to 66% All sizes Always Open link to webpage Depend on the call Depend on the call Depend on the call 2014 - 2019 link to webpage Up to 50% of total project costs All sizes (at least one RSSB member) Always Open link to webpage Future Railway Competitions Rail Safety and Standards Board (RSSB) RSSB Research Grant Scheme \ \ Growth and Innovation Fund (GIF) £34 million (20122013) At least £500 k TBC All sizes Open link to webpage Employer Investment Fund (EIF) £70.3 million \ TBC All sizes Open link to webpage UK Commission for Employment and Skills (UKCES) Transport System Catapult February 2015 No funding available, but source of information, advise, connections and potential collaborations link to webpage 60 | P a g e Funding Body Call Fund Size Maximum Project Cost Level of intervention Eligibility Timescale Link European Community Horizon 2020 Mobility for Growth €341 million Depend on the call Depend on the call All sizes Annually until 2020 link to webpage Energy Efficiency €21.8 million Depend on the call Depend on the call All sizes Annually until 2020 link to webpage Galileo €25 million Depend on the call Depend on the call All sizes Annually until 2020 link to webpage €64.4 million Depend on the call Depend on the call All sizes Annually until 2020 link to webpage €21.8 million Depend on the call Depend on the call All sizes Annually until 2020 link to webpage Connecting Europe Facilities (CEF) ≈ £26 billion Depend on the type of fund Depend on the type of fund All sizes 2014 - 2020 link to webpage Shift2rail €920 million (€450m from EU and €470m from private members) First calls Apr-Jun 2015 First calls AprJun 2015 First calls Apr-Jun 2015 2014 - 2020 link to webpage Nanotechnologies, Advanced Materials and Production ICT - Energy Efficiency Research & Innovation Trans-European Transport Networks (TENT) - INEA European Union + private funding February 2015 New Information (Feb 2015) 61 | P a g e Funding Body EU Structural and Investment Funds (EISF) Call Fund Size ERDF, ESF, EAFRD ≈ £5 billion European Clean Transport Facility (ECFT) Individual Loan European Investment Bank (EIB) & EU Maximum Project Cost Level of intervention Eligibility up to 50% of total project All sizes costs ECFT has been phased out, but similar projects could be supported via its normal lending activities. Please contact the Communication Department for further details: info@eib.org Up to 50% of At least £25 TBC total project All sizes million costs N/A Timescale Link New Information (Feb 2015) 2014 - 2020 link to webpage info@eib.org Open link to webpage Structured Finance TBC TBC TBC All sizes Open link to webpage InnovFin TBC TBC TBC All sizes Open link to webpage Risk Sharing Finance Scheme (RSFF) (CLOSED!) TBC At least £500 k Up to 50% of total project costs All sizes Open link to webpage Private Investment The Carbon Trust Venture Capital Investment Siemens Energy Efficicency Financing February 2015 £46 million \ Up to £4 million up to 50% of total project costs Any business in clean energy technology Open link to webpage Depend on the call Depend on the call All sizes Open link to webpage 62 | P a g e Funding Body Call Fund Size Maximum Project Cost Level of intervention Eligibility Timescale Link 2. SUPPLY CHAIN COMPANIES - SMEs (Indirectly Accessible / Eligible to Operating Companies) Government Innovate UK (former Technology Strategy Board TSB) New Information (Feb 2015) Collaborative R&D \ Depend on the call (between £100 k and £10 m) Small Business Research Initiative (SBRI) \ Depending on the calls Up to 100% of Eligible Costs All sizes Always Open (depending on the calls) link to webpage £50 million Between £25 k and £250 k (Depending on the phase) Between 35% and 60% (Depending on the phase) SMEs Open (Round 6) link to webpage \ Up to £5,000 100% of eligible costs SMEs Open (Round 11) link to webpage SMART Innovation Vouchers Depend on the call (between 20% and 80%) All sizes Always Open link to webpage Technology Inspired Innovation (CLOSED!) £2 million Max Support: £33 k Up to 75% of total project costs SMEs Close on 21/01/2015 link to webpage Department of Climate Change (DECC) Energy Entrepreneurs Fund £40 million ca. £2.5 million Up to £1 million SMEs Open link to webpage Future Railway Future Railway Testing Vouchers Up to five days of subsidised access to the testing facilities of Network Rail and Rail Alliance SMEs Open link to webpage February 2015 63 | P a g e Funding Body Call Maximum Project Cost Level of intervention Eligibility Timescale Link New Information (Feb 2015) £1.7 million Between £5 k and £150 k Companies have to provide 30% match through in kind contribution SMEs Open link to webpage Fund Size RGF, NWAA, BAE SYstems and several UK Universities GAMMA Project BIS - Part of the Regional Growth Fund (RGF) Access to Finance Grant Scheme: UK Steel Enterprise Grant funding \ Up to £750 k up to 35% of total project costs SMEs Unitl March 2015 link to webpage BIS Finance for Business \ N/A N/A SMEs Open link to webpage BIS - British Business Bank (BBB) British Business Bank Investment Programme £400 million Between £10 - £100 million Up to 50% of total project costs SMEs Open link to webpage European Community SME Instrument €25.1 million Phase 1: £50 k Phase 2: up to £2.5 million Phase 3: Coaching and Training GALILEO €25 million Depend on the call Horizon 2020 February 2015 Phase 1: 100% (Lump sum £50k) Phase 2: up to 70% Phase 3: N/A SMEs Annually until 2020 link to webpage Depend on the call SMEs Annually until 2020 link to webpage 64 | P a g e Funding Body EUREKA Low Carbon Innovation Fund (LCIF) European Commission European Investment Bank (EIB) Fund Size Maximum Project Cost Level of intervention Eligibility Timescale Link Eurogia TBC Depend on the call Up to 66% SMEs Open link to webpage Main Fund TBC Between £75 k and £ 750 k SMEs in the East of England Open link to webpage Smaller Investment Scheme TBC Between £25 k and £75 k SMEs in the East of England Open link to webpage Competitiveness of Enterprises and Small and Medium-Sized Enterprises (COSME) £2.3 billion Up to £150 k Depend on the call SMEs 2014 - 2020 link to webpage European Investment Fund (EIF) \ Depend on the Project Depend on the Project SMEs Open link to webpage Up to €25 million 100% (up to €12.5 million SMEs Open link to webpage Intermediate Loans to SMEs TBC Up to 50% of the total project costs Up to 50% of the total project costs SMEs and Academia Anglia Ruskin University Low Carbon Keep TBC Depend on the Project Up to 40% of the total project costs SMEs in the East of England Until April 2015 link to webpage Lincoln Science and Innovation park scheme Lincoln Growth Fund £1 million Up to £50 k Up to 40% of the total project costs Businesses in Lincolnshire Until March 2015 link to webpage February 2015 New Information (Feb 2015) Call 65 | P a g e Funding Body Call Fund Size Maximum Project Cost Level of intervention Eligibility Timescale Link Private Investment Government + 144 UK businesses Enterprise Capital Fund Programme £537 million From the RGF Business Angel Coinvestment Fund £50 million The North West Fund £155 million Finance for Business North East £125 million Finance Yorkshire ≈ £90 million JEREMIE Funds (from English Regional Development Agencies and ERDF) New Information (Feb 2015) Depend on the project Between £100 k and £1 million Between £50 k and £2 million Between £1 k to £1.25 million Between £15 k and £2 million Depend on the project SMEs Open link to webpage TBC SMEs Open link to webpage Open link to webpage Open link to webpage Open link to webpage Depend on the type of fund Depend on the type of fund Depend on the type of fund All sizes in the North West of England SMEs based in the North East of England SMEs in Yorkshire and the Humber region TFG Capital Ltd TFG - Capital Private Investment Fund \ Between £30 k and £50 k Depend on the project SMEs Open link to webpage The Manufacturing Advisory Service (MAS) Match Funded Support \ Up to £3K 100% SMEs Open link to webpage February 2015 66 | P a g e Funding Body Call Fund Size Maximum Project Cost Level of intervention Eligibility Timescale Link 3. ACADEMIA (Operating Companies Influence/Impact) Government Innovate UK (former Technology Strategy Board TSB) Technology Inspired Innovation (CLOSED!) £2 million Investment in the eight great technologies: £600 million total, of which: Max Support: £33 k TBC Up to 75% of total project costs SMEs Open link to webpage TBC Funding for research institutes, new facilities and equipment TBC link to webpage TBC TBC TBC link to webpage Space £25 million TBC TBC TBC link to webpage Advanced Materials £73 million TBC TBC TBC link to webpage Energy £30 million TBC TBC TBC link to webpage Research Councils, Universities and Societies EPSRC February 2015 £189 million Big Data BIS New Information (Feb 2015) Realising the Graphene Revolution (CLOSED!) £2.5 million Average: £200 k Up to 75% of total project costs All sizes 67 | P a g e Open link to webpage Funding Body New Information (Feb 2015) Call Fund Size Maximum Project Cost Level of intervention Eligibility Timescale Link Software for the Future (CLOSED!) £4 million Average £500 k - £1 million Up to 100% (80% of FEC) All sizes Open link to webpage SUPERGEN - Energy Storage Challenge Call £4 million Between £12 million \ Academia/consortia Until 7 Jan 2015 link to webpage Depend on the fellowship All sizes Open link to webpage Depend on the fellowship All sizes Open link to webpage Royal Society Grants & Fellowships \ Royal Academy of Engineering Grants & Fellowships \ Depend on the fellowship Depend on the fellowship International Opportunities (Operating Companies & Supply Chain Companies) Taiwan Rail Project (HVO TWN-15) £11.4 billion \ \ \ 2015 - 2030 link to webpage Portugal (CLOSED!) High Added Value Infrastructure £2.8 billion \ \ \ 2014 - 2020 link to webpage Oman National Railways Network $15 billion \ \ \ 2014 - tbc link to webpage Saudi Arabia Saudi Railway Programme (HVO SAU-6) $ 90 billion \ \ \ 2012 - 2040s link to webpage February 2015 68 | P a g e Call Fund Size Maximum Project Cost Level of intervention Eligibility Timescale Link New Information (Feb 2015) Singapore Mass Rapid Transit (MRT) (HVO SPG-6) > £30 billion \ \ \ 2008 - 2020 link to webpage Iceland High Speed Rail £500 million \ \ \ 2015 - 2020 link to webpage Brazil Transport infrastructure (HVO BRA-44) £180.6 billion total (£44 billion for railway and road transport) \ \ \ 2015 - 2045 link to webpage India Metro Opportunities - Delhi, Hyderabad, Mumbai (HVO – IND 3) \ \ \ \ 2015-2050 link to webpage Qatar Rail network projects (HVO QAT-4) £25 billion \ \ \ 2015-2032 link to webpage Thailand Flood management & transport infrastructure (HVO THA-10) £46 billion \ \ \ 2015-2025 link to webpage Indonesia Infrastructure development (HVO INA-01) \ \ \ \ \ link to webpage Funding Body February 2015 69 | P a g e New Information (Feb 2015) Call Fund Size Maximum Project Cost Level of intervention Eligibility Timescale Link Vietnam Urban regeneration and transport projects (HVO VNM30) \ \ \ \ \ link to webpage Canada Toronto light rail transit system (HVO CAN-01) £5.26 billion \ \ \ 2015-2021 link to webpage Bahrain Rail opportunities (HVO BHR - 01) \ \ \ \ 2015-2030 link to webpage Funding Body February 2015 70 | P a g e
