Local Innovation Partnerships Fund: Earmarked Strand

A minimum of £30 million of funding is earmarked to 10 regions selected by the UK government through the Local Innovation Partnership Fund (LIPF) to unlock regional economic growth. This invitation-only funding opportunity invites applications from triple helix partnerships between civic leadership institutions, businesses and universities. Through co-creation with UK Research and Innovation (UKRI), partnerships need to identify and assemble a compelling portfolio of activities that draw upon local research and innovation strengths and support the high potential 'innovation clusters' within their region, empowering innovation leadership and delivering impact at scale. The LIPF seeks to harness high-potential clusters to drive economic growth, deliver impact at scale and build long-lasting innovation capacity in places, ultimately supporting places to increase their competitive advantage. The fund is designed to support a broad range of research and development activities that ultimately accelerate research commercialisation, adoption of new technologies, support businesses to scale and grow, and unlock private investment. Projects must have a distinct focus on near-to-market research and innovation with strong potential for commercial application, industry adoption and scalable impact.