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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

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