Can new technologies help the accountancy, insurance and legal industries?

Posted on: 15/05/2018

The Industrial Strategy Challenge Fund will invest £20 million to help the service industry take advantage of new technologies.


Designed to create new opportunities for businesses and researchers to work together to develop the next generation of services for the accountancy, insurance and legal industries, the £20 million next-generation services challenge is the latest in the Industrial Strategy Challenge Fund.

The challenge will include an initial CR&D call of up to £12m and an initial Research Programme call of up to £3m.

The objective of the Challenge is to maintain the leadership position of the UK in global high-value services by developing a targeted approach to support the sector’s engagement in R&D in the emerging new technologies based on Artificial Intelligence (AI) and the data economy, one of four ‘Grand Challenge’ areas identified in the government’s Industrial Strategy White Paper. The scope of this challenge is limited to legal services, accountancy and insurance which are high-value data-driven services under the broader category of Professional Business Services and Financial Services.

The next-generation services challenge fund is delivered by Innovate UK, as part of UK Research and Innovation.

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CR&D Competition Briefings

The CR&D competition briefings organised by KTN on behalf of UK Research and Innovation, presents an opportunity for delegates to learn about the objectives and scope of the CR&D programme as well as a chance to form partnerships with businesses and academia for the competition. There are briefing events running across the UK in June.

The competition briefings will include:

  • an opportunity to hear about the objectives and scope of the CR&D programme
  • an opportunity to learn how to get involved in the CR&D programme
  • opportunities to network and develop ideas and partnerships for the competitions
  • an opportunity to meet with UKRI, KTN and wider stakeholders.

Research Programme Town Hall meetings

The ESRC will be holding a series of Town Hall meetings for potential academic applicants to the Next Generation Services Research Programme to find out more about the objectives and expectations of the call and to provide an opportunity for academic networking and collaboration.

Please visit the ESRC webpage for more information.

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