#innovation-funding

#innovation-funding

Your AI pilot showed 94% accuracy improvements. The LLM is yielding solid results. You're getting defunded anyway. The reason? You solved a problem AI can solve. Your budget-holder needed you to solve theirs. Companies launch AI pilots that produce results, then stall at scale. The team's diagnosis: "They don't get it." What's really going on: These projects never earned budget-holder buy-in.

London had 8,900 claims [12,060], with a total cost of £1,025m [£1,475m]. Inner London - East had 2,800 [3,675], Inner London - West 3,990 [5,145], Outer London - East and North East 530 [860], Outer London - South 460 [745] and Outer London - West and North West 1,130 [1,635]. Information & communication led with 4,050 claims [4,925], followed by professional, scientific & technical at 1,590 [2,010] and manufacturing at 760 [1,060].

The government awarded 10m to five universities in the south-east, while none were selected from the north of England, raising concerns about innovation investment.