Brown announces cash boost for science and innovation

November 29, 2002

There is to be a major review of government support for innovation, designed to boost British science, skills and entrepreneurship.

The announcement, made in chancellor Gordon Brown's pre-budget report, comes despite the slowdown in the global economy.

The review, led by Richard Lambert, former editor of the Financial Times , will examine how the research and development tax credit and the University Challenge and Higher Education Innovation Funds can further strengthen links between British business and universities.

At school and college level the chancellor said that £75 million would be available for enterprise education, spread over three years.

In a major push to boost skills, he allocated an extra £130 million to extend employer training pilots. Employers have been offered a range of financial incentives to allow employees without basic skills to attend courses. Mr Brown also set out plans for a modern apprenticeship task force. The government wants nearly a third of young people aged 16-22 to be on such schemes by 2004.

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments

Have your say

Log in or register to post comments

Most Commented

James Fryer illustration (27 July 2017)

It is not Luddism to be cautious about destroying an academic publishing industry that has served us well, says Marilyn Deegan

Jeffrey Beall, associate professor and librarian at the University of Colorado Denver

Creator of controversial predatory journals blacklist says some peers are failing to warn of dangers of disreputable publishers

Hand squeezing stress ball
Working 55 hours per week, the loss of research periods, slashed pensions, increased bureaucracy, tiny budgets and declining standards have finally forced Michael Edwards out
Kayaker and jet skiiers

Nazima Kadir’s social circle reveals a range of alternative careers for would-be scholars, and often with better rewards than academia

hole in ground

‘Drastic action’ required to fix multibillion-pound shortfall in Universities Superannuation Scheme, expert warns