Part 3

Research

Research and innovation functions and role of the Councils

Exercise of functions by Innovate UK
96
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.