There is a strong innovation ecosystem in the Midlands supported by world-class assets at the forefront of technologies such as industrial digitisation, life sciences and alternative fuels.
West Midlands firms innovation active
East Midlands firms innovation active
of UK’s private sector R&D
private sector Investment to R&D
funds awarded from Innovate UK since 2003/04
The pandemic has pushed businesses to innovate, pivot to other sectors, and change their processes to survive.
Accelerated innovation will be vital to the Midlands’ economic recovery, driving productivity through the creation, development and commercialisation of ideas. In addition, the major challenges of the UK’s exit from the EU and achieving net zero will only be overcome by a healthy level of innovation.
• The proportion of firms that are ‘innovation active’ (meaning they engaged in specific innovation activities such as new product / process, or new forms of organisation, concepts and strategies) in the Midlands is higher than in England as a whole – 48.6% of West Midlands firms and 46.8% of East Midlands firms compared to 44.9% across England in 2018-2020.
• The Midlands makes up 15.6% of the UK’s private sector R&D, with firms investing over £4.2bn annually. Despite this, just 7% of government spending on R&D is in the Midlands.
• Government expenditure on R&D (GERD) in the Midlands in 2018-19 included £232m Innovate UK funding, £664m UKRI funding and £230m Research Council funding.
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Midlands Engine 2020 – 2021 Update report – Science and InnovationDownload report
Regional R&D and InnovationDownload report
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Midlands Engine Science and Innovation Audit 2020-21 UpdateDownload report
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Independent Economic Review 2020 – Executive SummaryDownload report
Introduction to Independent Economic Review 2020Download report
Independent Economic Review 2020Download report
State of the Region 2020: Executive SummaryDownload report
State of the Region 2020Download report
Towards Net-Zero: Exploring the Current State of Low Carbon Supply Chains in the MidlandsDownload report
Hydrogen Technologies StrategyDownload report