CAN BE
ALTERNATIVE
INVESTMENT

Apply for funding to develop institutional-level innovations in research and knowledge exchange.
You must be a higher education (HE) provider that is:
This funding comes from the Research England Development (RED) fund.
Closing date 31 Dec 2024, 11:59PM
The Research England terms and conditions state that for a provider to be eligible for grant funding from Research England, it must:
The RED fund funds a variety of projects and seeks to support institutional-level strategic developmental projects that will implement change that can be sustained into the longer term.
The RED fund seeks to fund proposals that include:
Providers must be able to demonstrate evidence of expertise in relation to the focus of the project for which they are seeking funding. Projects related to research must build on existing excellence, while projects in KE must build on KE expertise.
Projects must be collaborative. The lead provider must determine an appropriate collaboration to deliver substantial public benefit.
Research England will contribute to project costs. Proposals must include contributions from other parties, in line with the nature of the proposed project (the RED Fund does not adopt a formulaic approach for contributions).
These priorities may be updated in future.
Proposals that develop strategic research collaboration between higher education institutions (HEIs). Areas to focus on might be:
Novel approaches from disciplines or types of KE that are currently under-utilised in Industrial Strategy developments to-date, but have potential to deliver to unexplored areas of business demand or to draw in a wider range of HEI expertise or KE capacity.
This may include projects to unlock potential of HEIs that do not have critical mass currently to gain a Higher Education Innovation Fund formula allocation, and enhancing impact through social innovation and enterprise.
Projects that build upon policies, priorities or funding of the other eight UKRI councils, the Office for Students, or wider Industrial Strategy developments.
Addressing challenges and opportunities in university commercialisation policy and practice. In due course, we may update or review these priorities in the light of development of UKRI’s commercialisation strategy.
Proposals that seek to improve research culture, aligned with the aims of the government’s research and development people and culture strategy. Potential areas of activity include, but are not limited to:
The Industrial Strategy highlighted the development of the International Research and Innovation Strategy and the UKRI Fund for International Collaboration. In the context of this wider landscape we are inviting activity from institutions in England that look to address the following areas:
We will not fund:
Successful proposals generally emerge after extensive discussions with us, and our templates must be used for all formal submissions.
The first step in considering making a proposal to the fund is to test the project idea with a representative of Research England.
Email redevelopmentfund@re.ukri.org to log your interest and receive feedback.
You can either:
We will aim to respond within two weeks. We will advise on general fit with the fund policies and priorities, and the likely chances of success.
If your project is a fit, we will work with you to develop a formal proposal through an interactive process. A proposal can take many months to develop and it’s possible your potential project will later be considered out of scope.
Formal proposals must be worked up according to the RED Fund guidance (PDF, 170KB).
Interested bidders should keep Research England informed of key developments so that we can provide advice as required and take account of any critical timing and external funding factors in our process.
On occasion we may also announce calls for proposals in response to specific policy priorities.
In line with the guidance document, when assessing proposals we will consider:
Once a proposal has gone through the iterative process as described previously, bidders will be invited to develop and submit a full business case. We will provide feedback on the business case to enable the bidders to refine in line with requirements of the fund.
For bids under £500,000 the Research England Executive Chair approves or declines on the basis of advice from the Research England Executive Group.
For bids of £501,000 to £5 million, the RED Fund panel is required to make recommendations to the Research England Executive Chair for funding.
For those above £5 million, the Research England Council will make recommendations to the executive chair based on advice from the RED Fund panel.
Following the RED Fund panel, executive group and Research England Council meetings, we will generally inform bidders straight away on the outcome of their project, including any additional information required.
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This App/website is not affiliated with any government agency. We collect and organize information from publicly available government websites and provide direct links to these official sources.
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