Innovation investment unveiled

The Technology Strategy Board will commit more than £535 million to fund innovation in 2014-15

August 28, 2014

Energy is the area earmarked to receive the most, up to £82 million, closely followed by health and care with £80 million, according to the body’s Delivery Plan: Financial Year 2014-15 – Accelerating Economic Growth.

The document lists 12 “priority areas” designated for multimillion-pound investment to facilitate innovation projects, including those involving universities.

Other fields earmarked for major sums include high-value manufacturing (£72 million), transport (£70 million) and urban living (£63 million).

At the smaller end of the scale, £13 million is being committed both to the built environment and resource efficiency, according to the report published last month.

Enabling technologies – which include advanced materials, biosciences, electronics, sensors and photonics, and ICT – will get £20 million, accounting for 4 per cent of the board’s overall investment.

holly.else@tesglobal.com

Times Higher Education free 30-day trial

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
Register

Have your say

Log in or register to post comments