Midlands games developers seem to be well ahead of the rest of the country in utilising funding offered by the Technology Strategy Board. As well as Monumental being funded recently, Emote just announced £600K from them as part of a £1.3M project to improve AI in networked environments.
They are also apparently partnering with Imperial College London for the project. Not only is this a more intelligent approach than most studios take, Imperial are a heavyweight university for CS, with well respected courses that make students work hard. Kudos to Emote, who are only about 25 people strong.
(CC image for this post by Nadya Peek, of a rather interesting AI project involving networked Darth Vader helmets apparently composing music. Youtube links in the Flickr comments).