The Chartered Institute of Building (CIOB) estimates that UK construction can access over Â£500 million worth of funding across Europe on an annual basis.
Recent statistics from the Government backed Technology Strategy Board (TSB) have found that a recent funding call attracted more than 200 individuals to register and download information but only 20 percent submitted an application. The data also shows that very few industry organisations are aware of the funding opportunities available, and ways to finance Innovation, Research and Development (R&D).
To create greater awareness and access to these funds the CIOB has developed an online database for its members to search and interrogate a wide range of local, national and pan-European research and funding opportunities. This aim is to engage and assist the UK construction industry in the R&D agenda and apply for funding at the same time.
Through the service CIOB members are able to determine a suitable funded research opportunity and using a ‘blog’, invite collaboration from other members and academia. The aim is to form cohesive supply chains that ensure all initiatives deliver innovation, collaboration and commercialisation.
Peter Ball, Director of Strategic Research at the BRE and member of the CIOB Innovation and Research panel said: “Knowing the funding is there is only a small part of the challenge. Actually having a good idea that fits the “call” and writing a good application is a challenge itself but one which is eminently achievable.”