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Horizon Europe Guarantee fund hits £1b milestone

11 April 2023
The Business Magazine article image for: Horizon Europe Guarantee fund hits £1b milestone

The Horizon Europe Guarantee fund, delivered by UK Research and Innovation (UKRI), has now awarded more than £1 billion to UK-based individuals and businesses.

This funding enables recipients to participate in projects with Horizon Europe, the EU’s flagship programme for research and innovation. It supports those who achieve success in Horizon Europe competitions, but face delays in EU funding.

The Horizon Europe Guarantee fund has previously helped wind propulsion company Anemoi, EV manufacturer Tevva, Rolls-Royce and its clean aviation projects, and University of Warwick researcher David Armstrong, whose work explores planets beyond our solar system.

UKRI delivers the scheme on behalf of the Department for Science, Innovation and Technology.

Professor Christopher Smith, International Champion for UKRI, said: “This is an important milestone for UKRI and the UK. The guarantee mitigates the challenges faced by our research and innovation communities during the delay to association by ensuring UK expertise is still able to participate.

“As a result, thousands of projects tackling vital research are going ahead, and researchers and businesses in other countries are continuing to build Horizon Europe consortia with UK-based partners.”

Read more - UKRI invests £27.6m in Faraday Battery Challenge

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL.

Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience.

Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

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