Innovate UK invests £561 million to back cutting-edge UK firms
Date added:
12/04/2016
Delivery Plan for the year 2016 to 2017 shows how Innovate UK will invest £561 million, with a more focused approach to innovation support.
Innovate UK is to invest £561 million in innovation over the next 12 months and take a more focused and efficient approach to supporting innovative UK companies. The delivery plan for the year 2016 to 2017 includes:
- a new sector focus that is easier for industry, investors and government to work with- a 5-point plan to underpin activity across these sectors and drive productivity growth- clearer funding programmes that are easier to navigate- improvements to the way Innovate UK connects businesses to knowledge and partners- a stronger regional presenceChief executive Dr Ruth McKernan said:
'To be globally competitive the UK must innovate and grow. Innovation is responsible for 50% of all productivity growth and the mission of Innovate UK is to help make this happen.
We will build on our track record of success, focusing ever more closely on scaling up SMEs, equipping them to reap the benefits of the fourth industrial revolution.'
Read more at www.gov.uk
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