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Est. 2018, largest public R&I funder in UK. £8bn annual investment. Comprises 7 research councils, Research England, Innovate UK. Supported 3,375 organisations & 60,285 individuals in 22-23. Innovate UK: mission to help companies grow via R&D commercialisation. Supports micro/SMEs through grants & equity co-investment.
Check Size
£10K - £10M
Investment Focus
Investment Thesis
£38.6bn four-year allocation (2026-30). Focus: curiosity-driven research, targeted R&D (clean energy, health, security), & company growth. Nine councils incl. Research England & Innovate UK. Target £3:1 leverage of private investment. Emphasis: transparency, growth focus, societal alignment. £369m allocated to creative industries (2026-30). Geography: UK-wide incl. regional clusters.
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