![]() ![]() Glasgow will boost extensive venture capital investment in key growth innovation sectors including advanced manufacturing, space, and precision medicine. They range from developing health innovations to quantum technologies, and green technologies to secure a safe and resilient transition to net zero. The projects will address local, national and global societal and environmental challenges. The £100 million funding is being shared across those three regions and has been allocated using a pioneering ‘locally-led’ approach. Three city regions in Glasgow, Greater Manchester and West Midlands were chosen to pilot this programme in recognition of their R&D strengths, robust private and public innovation governance and strong local leadership. Partnerships of local government, business and R&D institutions in the three city regions have led on selecting the 26 projects, working closely with Innovate UK. The programme is pioneering a new model of R&D decision-making that empowers local leaders to harness innovation in support of regional economic growth. Innovation Accelerators are a pilot approach to supporting three city regions to become major, globally competitive centres for research and innovation. Twenty-six research and development (R&D) projects will attract private R&D investment, create new jobs, boost regional economic growth, and develop the technologies of tomorrow. The £100 million Innovation Accelerators programme is accelerating the growth of three high-potential innovation clusters in Glasgow, Greater Manchester and the West Midlands. ![]()
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