Deadline: 15-Jul-21
Applications are now open for the Regulators’ Pioneer Fund for projects that will help create a UK regulatory environment that encourages business innovation and investment.
The competition’s aim is to help keep the UK at the forefront of regulatory thinking and experimentation. The fund will sponsor projects led by regulators or local authorities which aim to create a UK regulatory environment that encourages business innovation and investment.
Funding Information
- Your project’s total grant funding can be up to £200,000. Projects must end by 31 March 2022 and must run for at least 6 months.
- They have allocated up to £3 million to fund projects in this competition. Funding will be available from August 2021 to 31 March 2022, by which date projects must end.
Projects they will not fund
They will not fund projects that:
- are designed to enhance a regulator’s or local authority’s own performance without demonstrating significant positive benefits to businesses or innovators
- would be reliant on ongoing government funding commitments beyond the duration of the project to deliver economic benefits;
- do not satisfy the essential requirements set out in this document
- do not have:
- senior sponsorship at the applicant’s organisation
- agreement that the findings, learnings and/or conclusions from the project will be shared with BEIS to facilitate the evaluation of the RPF policy measure as required by HM Treasury
Eligibility Criteria
- To be eligible for funding you must be a body which meets the following three criteria:
- exercises a ‘regulatory function’, as defined in section 32(2)-(4) of the Legislative and Regulatory Reform Act 2006
- performs that regulatory function in Scotland, Wales, Northern Ireland, England or across the UK
- is subject to and follows the guidance in HM Treasury’s Managing Public Money handbook, or, if not subject to that guidance, is able to demonstrate compliance with Managing Public Money principles with respect to any funding received from the RPF.
- Only the regulator or local authority leading and sponsoring a project may submit an application and claim funding. They are the lead applicant.
For more information, visit https://www.gov.uk/government/publications/apply-for-the-regulators-pioneer-fund#East