Innovate UK is part of UK Research and Innovation, a UK government-funded body that supports research and innovation across the country. It distributes public funding to researchers, businesses, and organizations and runs programs to turn ideas into real-world applications and growth. Unlike private grant-makers, its funding comes from the government and is coordinated with other research councils and Research England to align national priorities. Its goal is to strengthen the UK's research and innovation capacity, drive economic growth, and address societal challenges.
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Swindon, United Kingdom
Founded
2018
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Four North East projects have secured £23.7 million from the Government's Local Innovation Partnerships Fund, unlocking an additional £55 million in private investment. The programme, announced by the North East mayoral authority, aims to create hundreds of high-value jobs by combining university research with business innovation. Funded projects include a green economy initiative involving Procter and Gamble developing clean chemicals, and Low Carbon Materials, a Durham University spin-out, scaling carbon-negative additives for concrete and asphalt. Other projects involve CPI and Durham University. North East mayor Kim McGuinness said the programme will "turbocharge innovation", delivering major private sector investment and around 90 new products to market. The announcement coincided with an Innovate UK forum in Newcastle discussing regional growth opportunities.
Avocet Battery Materials has secured grant funding through the UK Government's DRIVE35 programme to develop DryTab, its proprietary surface technology for battery lead tabs. The technology replaces conventional wet chemical treatment processes with a completely dry production method, eliminating hazardous chemicals whilst reducing energy consumption and production footprint. DryTab offers high resistance to electrolyte corrosion and works with both anode and cathode tabs. The technology has been under development for two years and is compatible with bare copper, reducing the need for traditional nickel plating. The funding, delivered by the Department for Business and Trade with the Advanced Propulsion Centre UK and Innovate UK, will support further research, development and commercialisation of the technology, strengthening the UK's battery supply chain.
Bristol-based Adaptavate has secured a £4 million funding package to commercialise its carbon-storing technologies for the construction industry. The company combines equity investment with funding from the European Innovation Council and Innovate UK's Investor Partnerships Programme, with investors including Low Carbon Innovation Fund 3. The funding will accelerate Adaptavate's commercial licensing strategy and international manufacturing partnerships, helping existing wallboard manufacturers transition to carbon-storing wallboard production. A second funding close targeting £1.3 million remains open until end of 2026. Adaptavate has secured pilot deployments with Legal & General and Oxygen Asset Management, and recently obtained a licence option agreement with an international production partner. The company focuses on scalable industrial solutions deployable through existing manufacturing infrastructure. CEO Tom Robinson said the investment reflects growing confidence in both the technology and commercial strategy as the company enters industrial-scale deployment.
The Infection Innovation Consortium (iiCON) has launched its second phase to accelerate infection innovation, backed by £6 million in funding from UK Research and Innovation (UKRI). The consortium aims to advance pioneering solutions in the infection space through this new phase of activity. The UKRI grant will support iiCON's continued work in developing innovative approaches to tackle infectious diseases.
PANTA, a London-based fintech founded in 2024, has launched an AI-powered index operating system and raised £3 million from Fuel Ventures and Innovate UK. The platform targets the $22 trillion index industry, which still relies heavily on manual processes and legacy technology. The system uses conversational AI to allow financial institutions to build and test index methodologies in minutes using plain English instructions, replacing weeks of manual work. The AI layer generates working methodologies and performance commentaries whilst maintaining a deterministic calculation core for regulatory compliance and auditability. PANTA has formed a strategic partnership with Rimes to expand across the index value chain. The company, founded by industry veterans with 125 years of combined experience, has received two FStech Awards for technological innovation. Chief executive Tobias Sproehnle said the AI closes the gap between idea and tested index whilst maintaining rigour underneath.