Innovate UK is to invest up to £5m in collaborative R&D and feasibility studies to stimulate innovation in the extraction and use of conventional fossil fuels.
The aim is to improve efficiency, reduce cost and minimise the environmental impact of coal, natural gas and oil. Projects must be business-led and all must involve an SME.
Unconventional fossil fuels such as shale gas, shale oil and tar sands are outside the scope of this competition.
A competition briefing is taking place in London on 10 March 2015