UK consortia of businesses and research organisations could get up to £50 million for innovative projects that support growth in a particular area.

UK Research and Innovation has up to £50 million each for place-based consortia to work together, build on existing research and innovation capabilities and grow the local economy.

Businesses and research organisations that are located closely together can collaborate with local partners on research and innovation projects that create an economic improvement in a particular geographic area.

This is part of the Strength in Places Fund, announced in the Industrial Strategy white paper. The fund will tackle the regional disparities across the UK and grow prosperous communities.

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