£8 Million Available to Re-Imagine the High Street (UK)

The Technology Strategy Board has announced that it is to invest up to £8million in a competition to encourage new ways of attracting people back to UK high streets. This competition seeks to develop new technology enabled solutions that can address the challenges facing the high street by exploring innovative approaches to retailing, service provision, logistics and travel management. Up to £2 million is available for feasibility studies in phase 1 of the competition, and up to a further £6 million is available in a second phase to further develop successful phase 1 projects. The competitions are open to all organisations that can demonstrate a route to market for their solution. Successful organisations will attract a 100% funded development contract of up to £10,000 in phase 1, and up to £1.2 million in phase 2. It is expected that phase 1 projects will last six months and phase 2 projects to last 24 months.
The deadline for registration is noon on the 26th February 2014 and the deadline for applications for phase 1 of the competition is noon on the 5th March 2014.
A briefing webinar will be held on the 20th January 2014.

Charity Number: 1118616 | Company Number: 4323551