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Regional innovation clusters get £75m funding boost

regional innovation clusters
Image credit: invisibleStudio / Shutterstock

Eight new regional innovation clusters will receive a share of £75m in government funding in areas such as health science, bio-based manufacturing and food tech.

Financing for the regional clusters comes after the conclusion of two pilot programmes for a Net Zero Launchpad in Tees Valley and a manufacturing-focused initiative in the Liverpool City Region.

Local SMEs will have the chance to bid for up to £7.5m financing in each location for research and development purposes.

“It is fantastic that £7.5m  of UK government funding is coming to Southwest Wales to support the growing net zero industry in this part of the country,” said David TC Davies, the Welsh secretary of state.

The eight regional innovation clusters are:

  • South West Wales: Net Zero Industry
  • North East England: Digital Technologies
  • West Yorkshire: Health Technologies
  • Eastern England: Agri-tech and Food Tech
  • Great South West: Marine and Maritime
  • Scotland: Bio-based Manufacturing
  • Coventry and Warwickshire: Immersive and Creative Industries
  • Northern Ireland: Life and Health Sciences

Steve Baker, the minister of state for Northern Ireland, said: “This new network of UK government innovation clusters provides the ideal environment for local firms to exchange ideas with experts across the UK, to progress and thrive, and will provide a wealth of economic opportunities.”

Liverpool’s innovation cluster has already given money to 23 green projects, says the government.

Read more: Barclays Eagle Labs deploys up to £1.75m for regional tech accelerators