The UKRI (UK Research and Investment) will work with local experts to grow local economies, jobs and skills, improving lives across the UK.
The Local Innovation Partnerships Fund will provide up to £500 million in funding for those who know their community best to work in partnership with:
- local authorities
- local businesses
- local researchers and innovators
It is designed to attract a further £1 billion additional investment, including from the private sector, and £700 million of additional value to local economies.
The fund will invest in local strengths, including those in the industrial strategy, which might include cybersecurity in Northern Ireland, semiconductors in Wales or artificial intelligence-led healthcare tech in Birmingham.
UKRI will publish further details in due course: New fund will focus research investment on local priorities – UKRI