Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

Durham County Council and Blaenau Gwent Borough Council launch challenge to transform local authority services with intelligent data
Durham County Council and Blaenau Gwent Borough Council launch challenge to transform local authority services with intelligent data

Published : , on

Businesses can apply for funding, provided by the Gov Tech Catalyst Fund, to develop innovative solutions to capture and analyse real-time data to improve public services

Durham County Council and Blaenau Gwent Borough Council have launched a call for technology businesses to develop innovative solutions that can capture and analyse data to transform Local Authority service delivery.

Development funding is provided under the GovTech Catalyst Fund scheme and the competition opens for applications on 24 September.

Business Durham, the economic development organisation for County Durham working on behalf of Durham County Council, will play a key role in promoting the competition and supporting Durham County Council in ensuring its success in coordination with the GovTech Catalyst team. Business Durham was also involved in preparing the bid to the GovTech Catalyst team, alongside Durham County Council and Blaenau Gwent Borough Council, to deliver this challenge.

The councils have secured £1.25 million from the GovTech Fund to support successful applicants in developing their solutions, with a focus on how real-time data routinely captured by residents and vehicles can be used to improve public service delivery – such as recycling, litter collection and street repair – while reducing costs.

The five winning companies will initially be awarded up to £50,000 to develop their ideas. The two companies providing the best potential solutions may then be awarded research and development contracts of up to £500,000 to build prototypes, which will be available to the public sector to purchase.

The challenge focuses on two initiatives:

  • Boots on the Ground: enabling residents of County Durham to collect and report data regarding highway maintenance. This scheme addresses two key issues: gaining accurate data location for the highway defect and improving understanding of the defect’s severity.
  • Eyes on the Street: enabling Blaenau Gwent Borough Council’s vehicle fleets to collect and report data as they travel around the borough concerning recycling participation, deterioration of the highways as well as monitoring and identifying highways violations.

The GovTech Fund, which is awarded via competitions and overseen by the GovTech Catalyst team, was launched by the Prime Minister in November 2017 to incentivise UK tech firms to produce innovative solutions to solve the problems facing the public sector and improve services for citizens. The funding is allocated via Innovate UK’s Small Business Research Initiative (SBRI).

Minister for Implementation, Oliver Dowden, in the Cabinet Office, said:

“This fund will elevate British companies onto a global market while helping to deliver outstanding public services and improving lives for citizens.”

Councillor Brian Stephens, Portfolio Holder for Neighbourhoods and Local Partnerships at Durham County Council commented:

“The GovTech Catalyst Fund competition is a fantastic way to drive innovation in our economy and provide more opportunities for businesses to access public procurement and funding. We have a wealth of technology expertise in the region that we look forward to showcasing through this competition. We are excited to see the applications and the development of an innovative, bespoke solution that will enable us to deliver even better public services based on the use of real-time data.”

Cllr Dai Davies, Executive Member for Regeneration & Economic Development of Blaenau Gwent Borough Council, added:

“We are delighted to have been shortlisted in the first round of challenges, understanding our communities and delivering services that align to communities needs is a priority for us, especially during these challenging times of austerity. We have the ability to capture so much information, but not quite sure how we interpret it, and use it to its full benefit. So there’s our challenge…its over to the experts to find us a solution.”

Full competition documentation will only be available to applicants who register via Innovate UK’s website once the competition opens on 24 September. Further information can be found https://apply-for-innovation-funding.service.gov.uk/competition/245/overview.

A briefing event for applicants is taking place at NETPark (North East Technology Park), Thomas Wright Way, Sedgefield, TS21 3FD on 8 October – please register here.

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post