How can innovation funding mechanisms be designed to ensure resources are deployed efficiently and deliver measurable outcomes?
Background
The Industrial Strategy aims to spur national productivity growth, strengthen the UK’s economic security and resilience, and support the UK’s environmental and net zero transition. It aims to achieve this by increasing business investment in capital and innovation, attracting foreign investment, and increasing business dynamism in the IS-8 sectors.
These sectors contain the UK’s frontier industries that sit at the leading edge of innovation and have the greatest potential for future competitiveness and technological development. By prioritising these frontier industries, the strategy targets the parts of the economy most capable of driving innovation and supporting major transitions such as AI adoption and net zero.
Next steps
Get in touch with [email protected]
Research fields
Related UKRI funded projects
-
Innovation and Productivity Grand Challenge
The UK is strong in scientific, technological and engineering research. It has a vibrant economy enabling small and large firms to flourish. But it suffers an enduring productivity gap compared with industrial activities...
Funded by: EPSRC
Lead research organisation: Imperial College London
Why might this be relevant?
Addresses the design of innovation funding mechanisms to improve productivity and deliver measurable outcomes.
-
Mapping the production, diffusion and drivers of future technologies
We propose to map and track the state of technological change in the UK, understand its drivers, impacts and help to improve the UK's productivity record via our collaboration and engagement with industry and policymaker...
Funded by: SPF
Lead research organisation: University of Warwick
Why might this be relevant?
Focuses on mapping and tracking technological change in the UK to understand drivers and impacts on productivity.
-
West Midlands Innovation Programme phase 2
The West Midlands Innovation Programme phase 2 (WMIP 2.0) addresses the **Capability and Capacity** strand of the West Midlands Innovation Accelerator**,** supporting cross-sector, demand-led innovation and enhancing the...
Funded by: Innovate UK
Lead research organisation: WEST MIDLANDS COMBINED AUTHORITY
Why might this be relevant?
Addresses innovation in the West Midlands region but does not directly focus on designing innovation funding mechanisms.