The £28.5 million ReFLEX Orkney demonstrator project is 50% funded by UKRI through the Industrial Strategy Challenge Fund and 50% funded via private investment.
UK Research and Innovation (UKRI) brings together the UK Research Councils, Innovate UK and Research England into a single organisation to create the best environment for research and innovation to flourish. The vision is to ensure the UK maintains its world-leading position in research and innovation. The Industrial Strategy Challenge Fund is run by UKRI, brings together the UK’s world leading research with business to meet the major industrial and societal challenges of our time. It provides funding and support to UK businesses and researchers, part of the government’s £4.7 billion increase in research and development. It plays a central role in the Government’s modern Industrial Strategy.