The UK will invest 1 billion pounds to support innovative industrial clusters.

On October 9 local time, the UK government announced that over the next four years it will invest 1 billion pounds through UK Research and Innovation to support high-growth innovation clusters in key areas of the industrial strategy. At the same time, mayoral strategic authorities already established in England will receive dedicated R&D funding for the first time and will be able to independently support local innovative projects with development potential.