Local Innovation Partnerships Fund (LIPF) in London

The Local Innovation Partnerships Fund (LIPF) is a new UK Research and Innovation (UKRI) programme investing up to five hundred million pounds to grow high potential innovation clusters across the UK. London is set to receive thirty million pounds through the earmarked strand. The fund supports clusters that bring together researchers, businesses and civic partners to turn near to market innovation into commercial products and services. This activity will help boost productivity, attract investment, and create new skilled jobs in London. LIPF aims to unlock regional innovation-led economic growth through investment in high-potential innovation clusters. These are integral to the UK government's mission to kickstart economic growth. Projects will directly support the growth of high potential clusters, with a focus on near-to market research and innovation with strong potential for commercial application, industry adoption and scalable impact. In London, the focus will be on sectors and technologies highlighted in the London Growth Plan and the National Industrial Strategy, including Advanced manufacturing, Climate Tech/Green Innovation, Clean Energy, Defence, Digital and Technologies (Advanced Connectivity Technologies, Artificial Intelligence, Engineering Biology, Quantum Technology, Semiconductors), and Health and Life Sciences.