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UUK wants investment in university innovation doubled to £10bn

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The Story

Universities UK has set a goal of securing around £10 billion a year in external investment for UK university innovation by 2035.

The vice-chancellors group said the ambition, to be announced today at the UK Global R&D and Science Investment Summit in London, would double estimated annual external investment in university spinouts, startups and social enterprises from £4.95bn in 2024-25 to £9.91bn in 2034-35.

The announcement comes amid concerns that the UK is failing to capitalise fully on its research strengths and failing to scale innovative businesses across the country. UUK said the country “risks losing ground to international competitors” unless it creates a stronger environment for boosting innovation-led businesses.

Source: UUK wants investment in university innovation doubled to £10bn – Research Professional News

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