UKRI

Established in 2018, UKRI is the UK's largest public funder of research and innovation, bringing together seven research councils, Innovate UK, and Research England. Through Innovate UK it has awarded over £9.8 billion in grants to approximately 7,000 companies since 2011, targeting an average leverage ratio of at least £3 of private investment for every £1 of public funding. Its £320 million Technology Missions Fund supports AI, quantum, engineering biology, and future telecoms. UKRI invests roughly £8 billion per year and recently outlined a record £38.6 billion four year settlement scaling to nearly £10 billion annually by 2029/30.

Focus Areas