Holding answer received on 28 November 2016
As a key part of our Industrial Strategy, we are committed to building on the UK’s world class research base to develop new technologies.
The Industrial Strategy Challenge Fund will be managed by Innovate UK, Research Councils and UK Research and Innovation (UKRI). We will be begin to identify different challenge areas between now and the Budget in 2017. We will set out more detail on funding breakdown and proposals, including for wider consultation with the research and business community, in due course.