Part 3Research

Research and innovation functions and role of the Councils

96Exercise of functions by Innovate UK

1

UKRI must arrange for Innovate UK to exercise such functions of UKRI as UKRI may determine for the purpose of increasing economic growth in the United Kingdom.

2

But arrangements may not be made under this section for the exercise by Innovate UK of UKRI’s function mentioned in section 93(1)(a).

3

Arrangements under this section must require Innovate UK, when exercising any function to which the arrangements relate, to have regard to—

a

the need to support (directly or indirectly) persons engaged in business activities in the United Kingdom,

b

the need to promote innovation by persons carrying on business in the United Kingdom, and

c

the desirability of improving quality of life in the United Kingdom.