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The following organisations registered in the North East are involved in current active projects within the Industrial Strategy Challenge Fund challenge Prospering from the Energy Revolution<\/em>:<\/p> As per its funding settlement with HM Treasury, BEIS has allocated its research and innovation Official Development Assistance budget to two discrete funds: the Newton Fund, and the Global Challenges Research Fund (GCRF).<\/p> <\/p> The Newton Fund has a total budget of £735 million (2014/15 \u2013 2020/21) and supports science and innovation collaborations with 17 partner countries. The fund aims to promote the economic development and social welfare of either the partner countries or, through working with the partner country, to address the wellbeing of communities.<\/p> <\/p> The GCRF is a funding stream that supports cutting edge research on global issues affecting developing countries. From 2016/17 to 2020/21, the GCRF will invest £1.5 billion in funding that harnesses the expertise of the UK\u2019s world-leading researchers.<\/p>"}
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