Senior woman smiling in conversation

UKRI backs new technology to support ageing with £12m funding

UK Research and Innovation (UKRI) has made a commitment to supporting new ways to help people remain independent, active and productive as they age, offering £12m of funding to help encourage and back promising innovations.

The government co-funding is available to commercial investors, social impact investors and charities who can provide equity investment and will jointly-fund investment into smaller businesses developing products, solutions and services which address one or more of the objectives in UKRI’s healthy ageing challenge.

Those seven key areas are:

  • Sustaining physical activity
  • Maintaining health at work
  • Design for age-friendly homes
  • Creating healthy, active places
  • Supporting social connections
  • Living well with cognitive impairment
  • Managing common complaints of ageing

The funding forms part of a wider £29m commitment in government grants, alongside aligned funding from private investors, which will be made available over the next four years for individual projects up to £2m.

UKRI’s healthy ageing challenge is supporting the Ageing Society Grand Challenge set by the UK Government, which aims to ensure people can enjoy at least five healthier, more independent years of life by 2035 and narrow the gap between the experiences of the richest and poorest in society.

A total of £13m grant funding has already been allocated through the challenge, alongside private equity from existing partners from the first competition. UKRI is seeking further investor partners to work on the initiative – with interested investors able to contact UKRI here.

With an ageing population, being able to lengthen the time people can remain active, healthy and independent will reduce the strain on many health and care services, allowing the NHS and care providers to focus efforts on those most in need of treatment.

Opportunities for businesses to seek investment from the investor partnerships gathered as part of this scheme will open in Spring/Summer 2021.

NHE Nov.Dec 20

NHE Nov/Dec 20

We all do best when healthcare professions work together

From tackling infection in hospitals to town planning, our Nov/Dec edition of NHE brings a diverse range of learning to help support the delivery of transformative patient care across our health sector


View all videos
BMC Whitepaper


How well do the NHS understand digital potential?

Recently we have been gathering primary data direct from those within the NHS on modernising NHS technology and the challenges faced around resource, training and service management.

Download the full whitepaper and read the full findings in our exclusive report to learn more.

Finger on the Pulse

Ep 14. Health messaging is a science, Professor Craig Jackson

On Episode 14 of NHE's Finger on the Pulse podcast, we're joined by Professor Craig Jackson, Professor of Occupational Health Psychology
Birmingham City University to discuss the coronavirus pandemic, the health messaging around it and how those in power have missed a trick by overlooking the key role of psychology in informing the public of restrictions, measures and the ever-changing situation

More articles...

View all