Regional clusters of world-class innovation across the UK are being backed by a share of £75 million that will boost local economies and pioneer game-changing solutions from healthcare to net zero.
Following pilots in Liverpool and Teesside, launched earlier this year, a further 8 Launchpads, facilitated by Innovate UK, will be rolled out across every nation of the UK. These initiatives will build on existing clusters of high-tech innovation in each region, such as renewable energy in Southwest Wales, Agri-tech in East Anglia and digital health in Yorkshire.
Launchpads is a programme that supports emerging clusters of small and medium-sized enterprises (SMEs) by providing each Launchpad up to £7.5 million from Innovate UK to fund innovation projects led by local businesses.
The £7.5 million bespoke funding from each Launchpad will allow SMEs in each region to bid for support that is tailored to the unique needs of each business cluster, helping them drive innovation, expand operations, and boost their local economies.
For further information please select the following link: Expert regional innovation hubs given £75 million boost to local research, businesses and economies across UK - GOV.UK
Innovate UK have a wide range of funding opportunities open to Welsh business to innovate and invest in RD&I.
The Welsh Government Innovation team can help you to access this funding and further support your business: CRISP23 - On-Line Innovation Funding Support Meeting