Local Innovation Partnerships Fund: competed strand

The Local Innovation Partnerships Fund (LIPF) competed strand provides an opportunity for triple helix partnerships across the UK, excluding places in receipt of an Earmarked Award, to demonstrate their innovation potential and apply for funding up to £20 million. The fund seeks to harness high-potential innovation clusters to drive economic growth, deliver impact at scale and build long-lasting innovation capacity in places. Partnerships must submit project portfolios that directly support the growth of high potential clusters, with a distinct focus on near-to-market research and innovation with strong potential for commercial application, industry adoption and scalable impact. The LIPF aims to support the conversion of research excellence into tangible products, services, or technologies that deliver impact through increased productivity, greater investment, and the creation of high-value jobs. Each partnership must demonstrate a triple helix governance structure bringing together academia, industry, and civic institutions. The fund supports activities that accelerate research commercialisation, adoption of new technologies, support businesses to scale and grow, and unlock private investment within a five-year timescale.