Making Sense of Business Regulations: Apply For Contracts

Organisations can apply for a share of up to £1.25 million to help the government find innovative ways to rationalise complex business regulations

Innovate UK is offering up to £1.25 million for ideas to better understand the complexity of regulations and where they place disproportionate burdens on businesses.

Funding is available from the GovTech Catalyst and will be awarded through a Small Business Research Initiative (SBRI) competition, potentially in two phases:

  • Phase 1 will award up to five organisations with contracts to demonstrate the technical feasibility of an idea for identifying regulatory obligations placed on businesses. These contracts will be worth up to £50,000 each.
  • In phase 2, two successful applicants from earlier phase could get the chance to compete for contracts of up to £500,000 each to develop a prototype of their technical solution and undertake testing.

Projects need to focus on at least one of three themes initially (and all three in the second phase). The themes are:

  • analysing existing regulations and identifying the requirements that apply to different businesses and sectors
  • assessing how challenging individual regulatory requirements are for businesses and their ability to comply
  • assessing how challenging multiple, cumulative regulations are for businesses and their ability to comply

The competition opened on 14 January 2019. The deadline for registration is midday on 20 February 2019. Find out more about this competition and apply.

Source: nibusinessinfo.co.uk