26 Jun '13, 6pm

Spending Review: Extra TSB funding set to boost UK innovation @innovate_uk via @sharethis

As part of the government's Spending Review, Osborne also pledged to increase science capital funding in real terms from £0.6billion in 2012/13 to £1.1bn in 2015/16. "Investment in science is an investment in our future," he commented. " So, yes, from the next generation of jet engines to cutting edge supercomputers, we say, 'keep inventing, keep delivering'. This country will back you all the way." Elsewhere, The Department for Business, Innovation and Skills faced a 6% cut in departmental spending, one of the lowest of any of the non-protected departments. Business Secretary Vince Cable voiced his approval of the chancellor's plans for his department, commenting: "I made it clear that I would fight for a deal that ensured the government had a credible growth story. "The settlement we've achieved for this spending round does exactly that by prioritising and protecting act...

Full article: http://www.newelectronics.co.uk/electronics-news/spending...

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