This delivery plan outlines the main elements of Innovate UK’s work from April 2015 to March 2016.
It is the last annual phase of delivery under Innovate UK’s 5-year strategy, Concept to Commercialisation, which was published in 2011.
Towards the end of this financial year a new strategy will be published which will guide Innovate UK’s annual delivery plans from April 2016 onwards.
Since its creation in 2007, Innovate UK has invested over £1.5 billion in innovation. This has been matched by £1.5 billion in partner and business funding. This funding has helped more than 5,000 innovative companies. These projects are estimated to add £7.5 billion to the UK economy and create an average of 7 jobs for each company helped.