A new plan to boost business in Wales, developed by Innovate UK, in partnership with Welsh Government, has been launched, paving the way for a strengthened innovation economy.
- UK’s innovation agency, Innovate UK and Welsh Government commit to a joint plan to help grow the Welsh economy.
- Memorandum of Understanding signed between the Welsh Minister for the Economy and the CEO of Innovate UK, representing the first MoU agreed with a devolved government.
- The plan will see Innovate UK and Welsh Government work together to create opportunities for innovators and entrepreneurs across Wales.
A Memorandum of Understanding was signed at an event held today (27 April 2023) attended by business leaders from the region, at AMRC Cymru in Broughton, North Wales, which is part of the University of Sheffield Advanced Manufacturing Research Centre (AMRC) industry-focused R&D innovation cluster.
The call to action has three themes:
- Connecting Support; ensuring that stakeholders in Wales have clear and effective routes to innovation support schemes, making Welsh Government a partner in Innovate UK’s business support service ‘EDGE’, and the two organisations collaborating on the design of future innovation programmes.
- Stimulating Innovation; sharing and amplifying communication channels, increasing access to innovation assets in Wales, and identifying shared sectoral priorities.
- Data; Sharing more data to achieve common goals, using data to better understand audience needs, to address inequalities and boost access to opportunities for local people.
For further information please select the following link Innovate UK and Welsh Government sign a new partnership agreement | GOV.WALES