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

Featured Jobs

Most Commented

Worried man wiping forehead
Two academics explain how to beat some of the typical anxieties associated with a doctoral degree
men in office with feet on desk. Vintage

Three-quarters of respondents are dissatisfied with the people running their institutions

A group of flamingos and a Marabou stork

A right-wing philosopher in Texas tells John Gill how a minority of students can shut down debates and intimidate lecturers – and why he backs Trump

A face made of numbers looks over a university campus

From personalising tuition to performance management, the use of data is increasingly driving how institutions operate

students use laptops

Researchers say students who use computers score half a grade lower than those who write notes