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There are no current plans to offer BMC Helix Platform (formerly: Innovation Suite) on-premise.
That does leave the door ajar slightly for future plans!
Do you know if the containerised Helix (i.e. Helix in your own cloud) has Innovation Suite? Might this provide an on-prem solution?
Is there anything technically different between cloud and prem that would prevent Innovation Suites use? I know it may not be supported but i see it uses Jetty which is in the on-prem service.
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I finally have an answer from the horse's mouth:
Innovation Studio is a SaaS product that is only available within the cloud. Although you can technically run the toolkit against your on prem servers there is no deployment mechanism and no server to run the code on. It is also not part of the on-prem license.
Thanks everyone for your inputs.