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Innovation: Research

Question for Department for Business, Energy and Industrial Strategy

UIN 131168, tabled on 28 February 2022

To ask the Secretary of State for Business, Energy and Industrial Strategy, what the role of innovation accelerators is; and how these differ from existing catapults to support the commercial application of research.

Answered on

8 March 2022

Innovation Accelerators are a new pilot approach to supporting three UK city regions to become major, globally competitive centres for research and innovation. They will be locally led partnerships involving leaders in local government, business and R&D institutions, working with national Government and R&D funders.

The partnerships will develop plans to accelerate innovation-led growth in their city regions, building on local strengths and opportunities. They will receive dedicated support from the UK Government and will have access to a new £100m fund to support transformational R&D projects that grow R&D strengths, attract private investment, boost innovation diffusion, and maximise the combined economic impact of R&D institutions.

Catapults may be a part of Innovation Accelerators but are sector specific, designed to support innovation and de-risk the transition from research to commercial delivery for small, medium and large businesses. They achieve this through the provision of R&D infrastructure, specialist knowledge and expertise, partnership and collaboration building capabilities and business support.