PolicyGovernment invites cities to apply for £10 million IoT fund

Government invites cities to apply for £10 million IoT fund

The government is encouraging UK cities, in partnership with businesses, to apply for a £10 million fund for projects utilising the Internet of Things that directly benefit citizens and services.

The government is encouraging UK cities, in partnership with businesses, to apply for a £10 million fund for projects utilising the Internet of Things that directly benefit citizens and services.

As part of a wider £40 million government IoT fund, the Department for Culture, Media and Sport and Innovate UK are offering up to £10 million for a single collaborative research and development project to demonstrate the capability of IoT in a city region.

A recent report suggested that the IoT sector will be worth £225 billion per year globally within the next five years. The government has suggested that the IoT can be used to improve services, boost quality of life and allow better informed decisions to be made sooner.

To be eligible for funding, projects must be collaborative and led by a local authority or local enterprise partnership and include at least one local authority, one local enterprise partnership and several businesses.

All projects must offer specific benefits to citizens, the city region and be environmentally friendly; provide economic benefits to local businesses and authorities and be applicable to multiple areas of the public sector.

Digital Economy Minister Ed Vaizey said: “This competition will be instrumental in discovering new connections between city services and their users, and identifying many more advantages that the Internet of Things could offer.”

Nick Appleyard, Innovate UK’s deputy director for government partnerships, said: “The UK has the opportunity to become a world-leader in this sector, boosting the economy and creating the jobs of tomorrow. Innovate UK has a vital part to play in working with companies and local partnerships to make this happen.”

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