This document summarizes UK government support for advanced materials and innovation through several programs:
- Over £6 billion is spent annually through 3,900 research grants, 2,400 business collaborations, and funding to 151 universities. An additional £7 billion is committed by 2021/22.
- Innovate UK invests £2.5 billion since 2007 through 11,000 projects involving 8,500 organizations. This creates up to 70,000 jobs and returns up to £18 billion to the economy.
- Knowledge Transfer Partnerships link businesses to academics through graduate placements to bring in new skills for 12-36 month projects. SMART funding of up to £3 million is also available for business-led