{"id":91449,"date":"2018-04-27T10:00:06","date_gmt":"2018-04-27T10:00:06","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=a7cbb6ff48679683b6cd583909b08a32"},"modified":"2018-04-27T10:00:06","modified_gmt":"2018-04-27T10:00:06","slug":"news-story-next-generation-services-new-fund-for-industry-and-research","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=91449","title":{"rendered":"News story: Next-generation services: new fund for industry and research"},"content":{"rendered":"
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A new pioneer fund worth \u00a320 million will create new opportunities for businesses and researchers to work together to develop the next generation of services for the accountancy, insurance and legal industries.<\/p>\n

The challenge is the latest in the Industrial Strategy Challenge Fund<\/a>. Investing in the UK\u2019s world-leading research and the most innovative businesses, the fund seeks to take on the biggest industrial and societal challenges of our time.<\/p>\n

It will be delivered by Innovate UK, which is part of UK Research and Innovation<\/a>.<\/p>\n

ISCF Wave 2 – Next-generation services<\/a><\/p>\n

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Find out more about the next-generation services challenge<\/a>.<\/p>\n<\/div>\n

A closer look at the services industry<\/h2>\n

Estimates put the services industry at almost 80% of the UK economy. This includes financial and professional services, which on their own employ 2.2 million and have a value of \u00a3190 billion.<\/p>\n

With the advancement of technologies such as artificial intelligence and data analytics, there is an opportunity to make the industry more efficient, productive and globally competitive \u2013 and, importantly, able to provide the very best services to clients and customers.<\/p>\n

The challenge now is to make sure the industry is primed for the future and that the UK leads this huge market opportunity.<\/p>\n

Through the \u00a320 million pioneer fund, the government will support industry and research to work on projects that transform the industry. Details of activity within the fund will be released shortly.<\/p>\n

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To get updates and the latest news from Innovate UK sign up for the newsletter<\/a> or receive email alerts<\/a>.<\/p>\n<\/div>\n

Delivering the Industrial Strategy<\/h2>\n

The funding is part of a \u00a31 billion deal between the government and 50 leading businesses and organisations to place the UK at the forefront of artificial intelligence. It features over \u00a3300 million of private sector investment.<\/p>\n

Artificial intelligence is one of the 4 grand challenges<\/a> set out in the government\u2019s Industrial Strategy<\/a>. These are global trends that, if the UK can exploit, will allow us to lead the industries, improve people\u2019s lives and the country\u2019s productivity.<\/p>\n

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Read the full announcement of the deal from Business Secretary Greg Clark and Digital Secretary Matt Hancock<\/a>.<\/p>\n<\/div>\n

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Search for innovation funding<\/a>.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Industrial Strategy Challenge Fund will invest \u00a320 million to help the service industry take advantage of new technologies.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/91449"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91449"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/91449\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}