£1bn for innovation clusters over four years
“The Government will also commit £1 billion through UK Research and Innovation (UKRI) over the next four years to support high-growth innovation clusters in the Industrial Strategy’s priority sectors across the UK, backing the places with the research excellence, businesses and skilled workers needed to turn new ideas into successful companies.”
- Promised
Where it stands
Announced with the Prime Minister's speech on regional innovation on 9 October 2026. The release does not say which four years, or how the money is split by year or by sector. UK Research and Innovation is to run it.
What has happened
- Oct 2026The government commits £1bn through UKRI over four years to high-growth innovation clusters, Promised
About the cost
£1bn in total over four years. The release gives no start year and no split by year, so no yearly figure is shown.
More detail
How cards are checked
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