Innovate UK has been transforming its products and services portfolio to provide innovators with the most suitable funding and support on their growth and scaling journeys, and to help businesses and stakeholders better navigate our offer. As part of this, Innovate UK EDGE has changed its name to Innovate UK Business Growth.
The new name provides more clarity on the purpose of the service and what we are there to support UK innovators with. Exemplas is proud to be the partner of choice in delivering Innovate UK’s Business Growth service in the East of England and the Midlands, providing full wrap-around support to pioneering, innovative businesses to drive economic growth.
Working closely with an Innovation and Growth Specialist, clients receive support on how to exploit business innovation, open new markets as well as source funding and finance. In 2023, Exemplas as the key partner delivering Innovate UK Business Growth supported 790 high-growth businesses in the East of England, and East and West Midlands with 572 jobs created and safeguarded. The service has enabled innovators in these regions to raise £106 million in investment and debt finance, and secure over £32 million in grant funding.
Growth and scaling support is at the forefront of enabling the most ambitious businesses to succeed and drive economic growth. We are committed to working closely with Innovate UK to design and deliver support tailored to meet the needs of businesses wishing to grow and scale through innovation.
Graham Coultas, Innovation Director at Exemplas
In Hertfordshire, Innovate UK Business Growth helped biotech company, ImmuOne, to raise just over £2 million in equity investment. This raise will enable the business to move to larger premises, and to onboard new hires needed for scale up.
Working closely with our Innovation and Growth Specialists, ImmuOne were able to access full wrap-around support, from developing their business strategy and IP protection to support with accessing investment including pitch mentorship.
Dr Abigail Martin, Co-founder of ImmuONE, says: “Having access to our specialist as a sounding board to bounce ideas around and for support with creative thinking has been phenomenal. The support has been incredibly useful from the perspective of setting goals and helping us to get the investment we needed.”
To find out how Innovate UK Business Growth can support your business with bespoke, funded growth support, contact us.