New fund will focus research investment on local priorities

Local experts will be at the heart of research and innovation investment to grow local economies, jobs and skills, improving lives across the UK.

The Local Innovation Partnerships Fund will provide up to £500 million in funding for those who know their community best to work in partnership with:

• local authorities

• local businesses

• local researchers and innovators

It is designed to attract a further £1 billion additional investment, including from the private sector, and £700 million of additional value to local economies.

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