14 May '13, 10am

Record TSB funding will support UK innovation. @innovate_uk

The funding boost, announced today by universities and science minister David Willetts, represents an increase of more than £50m from last year. Technology areas that will benefit from the investment include renewable energy, future cities, advanced materials, satellites, digital technologies and healthcare. David Willetts said: "The UK has some of the most innovative business in the world. The £440m budget means that there will be more funding available than ever before for businesses across the country to bid for and help turn their ideas into reality – bridging the so called 'valley of death'." More than 60% of funding is going to SMEs, which Willetts said would create opportunities for businesses to grow and generate jobs. Commenting on the announcement, Lee Hopley, chief economist at the manufacturer's organisation, EEF, said the decision was a positive move that shou...

Full article: http://www.eurekamagazine.co.uk/design-engineering-news/r...

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