A total of £60million funding has been made available to tackle the effects of climate change.
Innovators and researchers will be invited to pitch their ideas as part of modern Industrial Strategy.
The funding was confirmed during the first ever Green GB Week – a government-led week of campaigning to encourage businesses, communities, funders and academics to renew their efforts to confront the global challenge of climate change.
Business Secretary Greg Clark said: "Companies are capitalising on the UK's world leading position in the greener economy as we transition to a greener, cleaner economy and is one of the greatest industrial opportunities of our time.
"The UK is a world leader in tackling climate change, cutting our emissions more than 40% since 1990 while growing our economy. When you combine Britain's leadership, innovation and determination it is an unbeatable combination – exactly what our Industrial Strategy and Green GB Week are supporting and encouraging."
UK Research and Innovation Chief Executive, Professor Sir Mark Walport, said: "The recent IPCC report is a timely reminder of the challenges we face in tackling climate change. Storm Callum has highlighted the impact that extreme weather events can have on our communities.
"It is vital that the evidence generated by research is used effectively to navigate and mitigate the effects of climate change, and new technologies are developed to support a move to a low carbon economy.
"The Strategic Priorities Fund is important in supporting UKRI's mission, allowing us to bring collective expertise from a wide range of disciplines and sectors to bear on addressing important matters affecting all of society."
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