Innovation investment fund tops £100m to provide UK economic boost

Posted on 24 Aug 2023 by The Manufacturer
Tokamak Energy, who is on track to deliver grid-ready fusion power by the 2030s, is one company to benefit from the UK Innovation & Science Seed Fund
Tokamak Energy, who is on track to deliver grid-ready fusion power by the 2030s, is one company to benefit from the UK Innovation & Science Seed Fund

Investment in the UK Innovation & Science Seed Fund (UKI2S), a driving force in supporting early-stage innovation and high-impact businesses, now totals £102m.

This follows further investment into its patient capital fund by UK Research and Innovation (UKRI) and the Ministry of Defence. Continued investment in the fund reflects its excellent track record of nurturing ground-breaking businesses and fostering sustainable growth across the UK, having attracted over £700m from the private sector since 2002 – a return of…

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