The Research England Development (RED) Fund supports institutional-level innovative projects in research and knowledge exchange including collaborations between education providers and between education providers and business.
The Research England Development (RED) Fund commits up to £20 million in annual funding. It supports institutional strategic developmental projects in higher education research and knowledge exchange in line with government and UK Research and Innovation (UKRI) priorities.
Its aim is to drive innovation in research and knowledge exchange in higher education.
The fund supports:
- activities that contribute to government and UKRI policy priorities, with a particular emphasis on delivering innovative and novel approaches
- collaborations between higher education providers, industry or business partners
- a risk-sharing approach – due to the innovative nature of projects that the RED fund seeks to support, we expect financial contributions, investments or leverage from appropriate partners and beneficiaries to support these higher risk activities
- projects that increase the effectiveness or efficiency of research or knowledge exchange for wider societal and economic benefits
- projects that clearly seek to disseminate key learning points to the sector to enhance positive practice for ‘what works’ and ‘what doesn’t work’
- activities that are unable to be supported through any other means
- innovations with a clear plan for sustainability