Innovate UK – Year in Action 2023/24
A crucial year in shaping the future of Innovate UK
As the UK’s innovation agency, Innovate UK is committed to supporting businesses on their innovation journey. Our vision is to make the UK a science and technology superpower, and we strive to bolster our country’s position as a premier hub for innovation and research. In the 2023/24 year, Innovate UK extended its outreach and support for innovators throughout the UK. Our continuous efforts to enhance opportunities for innovators through portfolio expansion allowed us to offer a world-class customer-centric portfolio of products and services, ensuring that we support innovators at every stage of their journey. We also broadened our networks, events, and online engagements to facilitate connecting innovators with like-minded peers and industry experts.
Expert insights
Detailed insights into our commitment to supporting innovative UK businesses.
Commercialising research
Highlighting our efforts to commercialise research and our programs that provide training, funding, and support for potential start-ups.
Regional and international industry reach
Discover more about our sector-specific and placed-based initiatives.
Impact
The following figures demonstrate some of Innovate UK's impact throughout the past year.
£2.3bn
Invested
Accelerating innovation through our 2023/24 funding, support and infrastructure
450,000+
Connections
Innovators connected via our networks
£674m
Scaling up
Finance secured by businesses
REPORT
Explore our year in action
If you want to know more about Innovate UK's contributions to research, innovation, and international collaboration in 2023/24, explore our latest Year in Action report and discover how we can support your innovation endeavours.
Read full report
Get in touch
If you think Innovate UK Business Connect can help you, or if you have any feedback on this report, please get in touch through our enquiry form.