Life Sciences Transformational R&D Investment Fund (TRIF) Pilot
About This Opportunity
The Life Sciences Transformational R&D Investment Fund Pilot offers capital grants to support large-scale R&D projects in the UK life sciences sector. This newly established £50 million fund aims to boost research and development within the UK's Life Sciences sector by supporting large-scale investments focused on innovation and strengthening health resilience. Projects must exceed £100 million in total costs to be eligible. The fund prioritises projects with the potential to generate economic benefits, including substantial contributions to Gross Value Added (GVA), creation of high-wage, high-skilled jobs, and generating R&D spillover benefits. This fund complements the separate Life Sciences Innovative Manufacturing Fund (LSIMF) and supports projects in human medicines, medical diagnostics, and MedTech products. The grant is set at the minimum level necessary to ensure projects proceed while adhering to UK subsidy regulations, typically ranging from 10-20% of total project costs.
Who Can Apply
- Region
- United Kingdom
- Project in
- United Kingdom
- Applicants
- organization
- Organizations
- for profit
Application Details
Stages
- 1 multi_round
Required documents
Review process
Three-stage process: (1) Application Form 1 - Expression of Interest evaluated for eligibility and alignment with fund objectives; (2) Objective 1 assessment includes panel interview with independent experts evaluating innovation, health resilience benefits, project viability and deliverability; (3) Objective 2 includes Application Form 2 with detailed financial and economic information, followed by due diligence assessment for value for money, subsidy control compliance, and project deliverability.
Restrictions
- reporting_requirements
- geographic_restrictions
Post-award obligations
- remain_in_field
External Application
This opportunity requires you to apply directly on the funder's website.
Apply on External SiteKey Information
- Award Amount
- £10000000.00 - £25000000.00
- Application Deadline
-
March 31, 2028 at 23:59 UTCDue in 806 days
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