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Independent report

Industrial Strategy Challenge Fund: Impact evaluation report

UKRI’s ISCF is designed to tackle the UK’s major challenges. This impact evaluation provides an assessment of the programme’s outcomes and impacts.

• From: UKRI
• Published: 7 January 2026
• Last updated: 22 January 2026 - see all updates

Documents

Impact Evaluation of the Industrial Strategy Challenge Fund

PDF, 2 MB

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Final impact evaluation report: annex

PDF, 989 KB

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Details

The Industrial Strategy Challenge Fund (ISCF), managed by UK Research and Innovation, is aimed at propelling research and innovation to tackle the UK’s primary industrial and societal challenges.

A comprehensive evaluation of ISCF, conducted by RAND Europe and Frontier Economics, delves into the fund’s design, delivery, and stakeholder engagement. This impact evaluation assesses the extent to which the programme has achieved its intended outcomes and impacts. It provides evidence and recommendations to inform future policy decisions.

Updates

• 22 January 2026
  Both documents updated.