Business Services

Innovate UK pledges support to cutting-edge companies with £561m investment plan

Investment deal - Innovate UK to invest £561m in UK companies - SantanderCB

Innovate UK is to invest £561m in UK companies under its delivery plan for 2016-17. The UK innovation agency's delivery plan includes a new sector focus. Innovate UK has established four sector groups, consisting of emerging and enabling technologies, health and life sciences, infrastructure systems and manufacturing and materials. It will run two broad funding competitions covering each sector group per year, and two open competitions for applications from any sector or technology area. Since 2007, Innovate UK has invested £1.8bn in innovation, which has been more than matched by the private sector.


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