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<p>UK Research and Innovation (UKRI) provides grant funding to innovative businesses
in many different ways, including Innovate UK‘s SMART grants, which deliver ambitious
R&D innovations that can make a significant impact on the UK economy.</p><p>Through
the Clean Growth Strategy, BEIS has committed £900 million of public funds to innovation,
which includes £177 million to further reduce the cost of renewables.</p><p>We are
also investing over £3 billion to support low carbon innovation in the UK up to 2021,
to ensure that the UK continues to reap the benefits from the transition to a low
carbon economy.</p>
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