Since 2017 Prosperity Partnerships have become EPSRC’s flagship approach to co-investing with business in long-term, use-inspired basic research.
EPSRC and business invest equally in each Prosperity Partnership, and the portfolio now totals £480 million of projects across major industrial sectors.
There have been 100 partnerships across six funding rounds since 2017.
The scheme helps to support private business investment in the UK research base in areas of fundamental research. Prosperity Partnerships offer:
- support for existing, strategic, research-based partnerships between businesses and universities
- opportunities for co-investment in riskier large-scale collaborative low-technology readiness-level research programmes in partnership
- an opportunity for businesses to unlock the transformative potential of investing in discovery and engineering