7/31/2023 0 Comments Pillar of autumn blueprint![]() The blueprint proposes a six-year, £250m per annum Greater Manchester Innovation Transformation Fund (GM ITF) that would give Greater Manchester the tools to realise its potential, contribute more to the national economy, and compete on a level footing for national and international R&D funding in the future.A focus on translating scientific excellence into productivity gains and economic growth across Greater Manchester and beyond, contributing to the national target of raising public and private R&D intensity to 2.4% by 2027.A translational innovation model which would seek to deliver social and economic impacts through research and development within public and private sector organisations, supporting a supercluster of businesses with growth potential across the North.It would provide the leadership, coordination, and delivery capacity needed to reduce fragmentation and create a high-performing innovation ecosystem to match the ecosystems seen in the world’s most successful and prosperous regions. A single umbrella organisation for all local and national partners from the public and private sectors that have a stake in Greater Manchester’s innovation ecosystem.The Innovation Greater Manchester partnership blueprint proposes: This would support government ambitions for global Britain by delivering new opportunities for international trade and co-operation to address global challenges, including climate change.īringing together local and national agencies to support an innovation cluster spanning the city-region would help to attract significant inward investment and close the R&D expenditure gap in Greater Manchester and the North, eventually creating an innovation ‘supercluster’ that would significantly add to UK plc and advance the levelling up agenda.īy aligning R&D investment with socioeconomic need, Innovation Greater Manchester would deliver sustainable and inclusive growth where it is most needed. They would drive economic growth in all parts of the conurbation through R&D commercialisation and industrialisation within a series of new and existing Innovation Zones across the region’s towns and cities.īusinesses would be supported to grow and drive economic development, resulting in updated skills, good employment and places where people want to invest. It would leverage and accelerate the success of Greater Manchester’s existing research and development (R&D) hubs in global frontier sectors, including advanced materials and manufacturing, health innovation, digital and creative, and clean growth. Innovation Greater Manchester is a key pillar of the city-region’s Economic Vision, the plan to deliver a fairer, greener and more productive Greater Manchester economy beyond the pandemic. ![]() Leading innovators from business, science, academia and local government have developed the Innovation Greater Manchester partnership as the basis of a formal collaboration deal with Government, suggesting it could create 100,000 jobs and boost the economy by £7bn. – A blueprint for translational innovation between Greater Manchester and Government catalysing inclusive economic growth could generate a £7bn economic benefit and support the UK in achieving its goals of levelling up the North and increasing global trade.
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