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£300 million from the Industrial Strategy Challenge Fund will support our ageing population, with opportunities for businesses and researchers to work together.

There will be new opportunities for UK businesses and researchers to apply for funding to develop new products and services that support people living more healthy, active lives as they get older.

This is government’s announcement that it will invest £300 million to meet the needs of an ageing society - one of its 4 grand challenges to get funding under the Industrial Strategy Fund, part of government’s Industrial Strategy.

It will draw on the expertise of the UK research base and leading industry to innovate and keep people fit, well and active for longer.

Read the initial announcement by Business Secretary, Greg Clark.

Find out more about the Industrial Strategy Challenge Fund.

Support people as they age

The UK is getting older as a country. One in 12 people today are over 75-years-old. By 2040, it’s thought this will be around one in 7. We’re also living for longer. A third of children born this year are expected to live to be 100.

Up to 98 million will be invested in research and innovation that supports people as they age and their carers’.

This challenge will get businesses working on ideas that allow people to live better and independently for longer, building on the research that comes out of academic institutions, research and technology organisations and hospitals.

It’s an opportunity to revolutionise the way we age, with products and services that give everyone the best chance to continue to be active and independent.

Click here for full press release