Government extends funding for West Midlands innovation and tech programmes

Two funds aimed at driving innovation, research and digital technology adoption in the West Midlands are being extended with new government funding.

The Innovation Accelerator and Made Smarter programmes will continue supporting businesses and boosting growth in the region, overseen by the West Midlands Combined Authority (WMCA).

So far, the programmes have helped local SMEs create or upskill nearly 5,000 jobs and attract over £70m in investment. This includes 700 businesses, researchers, and entrepreneurs receiving support to commercialise new products and technologies through the Innovation Accelerator.

Made Smarter has provided grants or technical advice to 450 manufacturers, helping them adopt digital machinery and processes to improve productivity.

The additional funding will enable both programmes to keep supporting businesses and driving regional growth.

Richard Parker, Mayor of the West Midlands and WMCA chair, said: “Our region has been a leader in innovation for more than two centuries and now in the 21st century we’re pioneering new 5G-powered technologies, health and medical tech and life sciences.

“The Government is backing West Midlands innovation as well as my ‘Growth for Everyone’ plans to help businesses grow, support further innovation and creativity and make sure everyone benefits from that growth.

“With this new funding, we can continue to invest in the brightest minds in businesses and our universities as they look for new and innovative ways to solve real-world challenges, improve lives, create jobs, and boost our economy on the global stage.”

Science and Technology Secretary Peter Kyle said: “It is fantastic that the West Midlands has been recognised as one of Europe’s most innovative regions. It has brought entrepreneurial talent and academic excellence together in a way that will be pivotal to driving the economic growth and transformation Britain needs. I am proud that this Government is supporting the cutting-edge work that’s happening here, through new funding announced at the Budget.

“This region is a great example of how regional mayors, leading businesses, and our world-class universities can boost their local communities and economies, when they work together and in partnership with Government to reap the benefits of science and technology. This is only the start for the West Midlands.”