Next Generation Professional and Financial Services

Helping the professional and financial service sectors to develop and use digital technologies.

About the programme

Innovate UK and the Economic and Social Research Council (ESRC) are investing £26.5 million in the Next Generation Professional and Financial Services programme. This programme helps professional service sectors, including accounting and law, and the financial service sectors, including insurance, lending, advisory and payment services, develop and use digital technologies.

This programme aims to transform UK professional and financial services by responsibly developing and deploying digital technologies to deliver world-leading services through five strands of activity:

  • Adoption – Support for adoption in demand side firms through two new dedicated Innovation Adoption Accelerators.
  • R&D support – Collaborative R&D innovation support programme for lawtech, accountech, fintech and insurtech.
  • Data access – Data access in cross sectoral areas of professional and financial services.
  • Networking – Connecting, disseminating learning and building community through the AI for Services network.
  • International – Support to develop international collaboration opportunities.


Funded projects

This programme builds on the £20m Next Generation Services Challenge Fund, which supported a wide range of projects that have developed new technologies, products and services to make the UK’s legal, accounting and insurance sectors more effective.

View projects

Support for organisations

We help organisations interested in innovation in Professional and Financial Services to access funding, expert knowledge and to make powerful and diverse connections. Find out more about our AI for Services network and the Innovation Adoption Accelerators.
AI for Services


AI for Services

AI for Services is a UK-wide network of innovative professionals and leading academics. Join the network to access funding, relevant content, and networking and collaboration opportunities.

Book a welcome call
Technology in Professional Services


Technology in Professional Services

Helps mid-tier and smaller accounting and law firms to adopt digital technology, through funding, training, technical and organisational advice, and structured adoption processes.​

Find out more
Future Finance


Future Finance

Aims to accelerate innovation adoption in SME and mid-tier financial services firms to help boost their productivity and competitiveness, opening the potential to develop new propositions and create new markets.

Find out more


£8m to develop responsible data access in professional services

Innovate UK and ESRC will invest up to £8m in five projects to develop responsible data access methods in the professional and financial services sectors.

Read more

Useful resources

Access the latest content for innovators in Professional and Financial Services including industry reports, toolkits and more.

Our Experts

Related Opportunities

Fintech Matchmaking

Opens: 12/04/2024 Closes: 24/05/2024

This year’s Fintech Matchmaking opportunity is a chance to meet some of the largest financial corporations in a morning of facilitated speed networking. While fintech startups can move fast to deliver innovative solutions, established financial institutions have extensive experience to respond

More Information

Knowledge transfer partnerships (KTP): 2024 to 2025 Round 2

Opens: 15/04/2024 Closes: 26/06/2024

Up to £9m to fund innovation projects, with businesses or not-for-profits working alongside academic institutions, RTOs or Catapults.

More Information

Unlocking Space for Business 2024

Opens: 27/03/2024 Closes: 22/05/2024

Proposals are sought for innovative pilot projects, funded by the UK Space Agency’s Unlocking Space for Business programme.

More Information

Related Case Studies

Engine B: Helping businesses get into Big Data

Engine B: Helping businesses get into Big Data

RegulAItion: Sharing data, but not compromising on privacy

RegulAItion: Sharing data, but not compromising on privacy

Join AI for Services

Stay up to date with all relevant opportunities in Professional and Financial Services Innovation.


Connect with Innovate UK Business Connect

Join Innovate UK Business Connect's mailing list to receive updates on funding opportunities, events and to access Innovate UK Business Connect's deep expertise. Please check your email to confirm your subscription and select your area(s) of interest.