Future Building, launched today by Innovate UK at EcoBuild, outlines how up to £60 million in grant funding will be invested over the next 5 years to meet these challenges and support business-led innovation.
The funding will bring private and public sectors together to meet challenges in areas that have high growth potential for business such as:
high performance materials and building technologies
digital design and engineering
energy management and diagnostics tools
Simon Hart, Low Impact Building Innovation Platform Leader at Innovate UK said:
We need to find resilient, sustainable and adaptable solutions that can be delivered with precision and at high quality on an industrial scale.
Our funding will help transform the sector, integrate supply chains, capitalise on the UK’s current leadership position, mitigate import threats, develop growth sub-sectors and exploit export opportunities.
Since 2008, the LIBIP has invested £79 million (leveraged by match funding to £118 million) in 20 major programmes, funding 800 UK organisations through 580 projects. The estimated impact on the UK economy is £1.5 billion.