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<p>We recognise the need to take a comprehensive place-based approach to economic
growth, that responds to the varying needs of places. We will publish a detailed approach
for levelling up through R&D as part of the forthcoming Levelling Up White Paper.</p><p>
</p><p>Ahead of then, UKRI’s Strength in Places Fund (SIPF) is the first major national
competitive R&D fund that takes a place-based approach contributing to the Government’s
wider levelling up ambitions. In June 2020, BEIS announced an award of £25m to the
CS Connected project in the first wave of SIPF, to develop South Wales’ compound semiconductor
cluster. Project partners are from across the region including Newport. This summer,
BEIS announced a £22m award to the media.cymru project to develop Cardiff’s media
cluster.</p>
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