Innovate UK ( IUK )  previously the Technology Strategy Board , is the main source of support for UK R&D and innovation. It is not only a grant-offering body but is responsible, as the name suggests, for UK innovation strategy in many of its variations.

Research supported varies from basic/fundamental research through applied research to developmental projects with awards ranging from 25% to 70% of eligible costs with a value from £50k to £2–3 million and occasionally higher.

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