In this letter to Innovate UK and the Biotechnology and Biological Sciences Research Council (BBSRC), CST considers the selection of challenge areas and how the fund is administered.
They advise that the Industrial Strategy Challenge Fund should be seen in the wider perspective of the economic challenges that the country faces:
- improving productivity
- encouraging growth
- delivering economic opportunities more widely across the UK
They recommend that potential challenges are selected and evaluated against criteria that use these priorities as their basis.