A new partnership led by the University of Lincoln, to develop a globally recognised agri-tech innovation cluster in the East of England, has received a major national funding award from Research England to advance commercialisation of research through new spin-out companies.
Agri-tech Commercialisation Ecosystems (ACE), a partnership project from the universities of Lincoln, Cambridge and East Anglia, has been awarded £5 million by the UKRI-Research England CCF-RED Fund.
This will enable the creation of a national agri-tech ‘Technology Transfer Office’ and the new company Ceres Agri-Tech Ltd that will support the commercialisation of early-stage agricultural innovations. Ceres Agri-Tech is a collaborative initiative founded by and located at Cambridge Enterprise, the innovation arm of the University of Cambridge.
The project targets key regional challenges, including low wages, workforce skills gaps, and climate resilience by supporting high-quality, inclusive employment and environmentally focused agri-tech innovation.
Professor Simon Pearson, founding director of the Lincoln Institute for Agri-Food Technology (LIAT) at the University of Lincoln, said: “We are thrilled that the ACE project has received a vital £5 million award from Research England, which will enable incredible growth within agri-tech and the creation of many new ‘spin-out’ businesses over the next decade and beyond.
“Within the next 10 years, ACE aims to fund 95 research projects, create over 1,300 new jobs within the sector and bring a projected £506 million into the UK economy.
“In a world where geopolitical instability, climate change and resource scarcity seem to be threatening food security, we now have a great opportunity to create an innovation cluster for the UK that will deliver positive economic, societal and environmental impacts for many years to come.”
The ACE project will harness the agricultural and research strengths of Greater Lincolnshire, East Anglia, and Cambridgeshire, turning them into a globally competitive innovation cluster. The region’s dense concentration of crop production, agri-tech infrastructure, and civic support creates a unique platform for high-impact investment and sustainable food system development.
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