Wales has not been included in a key strand of the UK Government’s levelling up strategy which will see investment of £100m in establishing three innovation accelerators.
The three pilots for innovation-based clusters will be in Glasgow, the Western Midlands and Greater Manchester - although the UK Government said if they prove successful more accelerators could be follow in other parts of the UK.
They are intended to boost economic growth by investing in R&D (research and development) strengths, attracting new private investment, boosting innovation difusion, as well as maximising the economic impact of R&D institutions.
