SBRI Climate and Environmental Risk Analytics for Resilient Finance

Competition to develop innovative solutions that integrate climate and environmental factors into financial services

Organisations can apply for a share of up to £1.5 million to demonstrate and deploy innovative solutions that integrate climate and environmental factors in the financial services industry. Climate and Environmental Risk Analytics for Resilient Finance: Phase 1 is a Small Business Research Initiative (SBRI) competition is funded by Innovate UK.

This is phase 1 of a 2-phase competition. The decision to proceed with phase 2 will depend on the outcomes from phase 1 and assessment of a separate application into a subsequent phase 2 competition. Only successful applicants from phase 1 will be able to apply for the additional funding available in phase 2.

Your project must:

• start by 1 June 2022
• end by 31 August 2022
• last up to 3 months
• have maximum total eligible costs of up to £50,000

Phase 1 prototype R&D contracts will be up to £50,000 for each project for up to 3 months. Innovate UK expect to fund up to 30 projects.

The second phase will involve up to 10 contracts being awarded to organisations chosen from the successful phase 1 applicants. Up to £1,000,000 will be allocated for each contract for up to 9 months, in order to demonstrate the product or service with your end user or customer.

Find out more about the scope of the competition, eligibility rules and how to apply.

The competition will close to application at 11am on Wednesday 16 February.

First published 10 January 2022