Ambitious plans unveiled to invest in innovative research and development, creating jobs, growth and opportunity across the country.
Ambitious plans to boost the UK’s economic ambition to invest 2.4% of GDP by 2024 in innovative research and development, creating jobs, growth and opportunity in every part of the country, have been unveiled.
The new package of measures to support the delivery of the modern Industrial Strategy includes:
- £79 million to build a new ‘supercomputer’ in Edinburgh for complex calculations for research and industry projects across the UK
- £45 million to support genetic research in Cambridge for complex health conditions
- commitment to fusion research at the Joint European Torus (JET) megaproject in Culham to progress nuclear technology
- a call for evidence on supporting small businesses to reduce their energy bills
- a commitment that new-build homes will feature more sustainable and efficient ways of heating, alongside other energy saving measures.
- a new requirement for company Audit Committees to review payment practices and report on them in their annual accounts.
- a call for evidence on how to turn the UK into a global hub for offshore oil and gas decommissioning
Original article published on Gov.uk
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