News details
Building Britain's Future - New Industry, New Jobs
A £750 million strategic investment fund for backing business to come out stronger from the downturn has been announced in today's budget. The fund for "New Industry, New Jobs" provides resources for the new competitiveness strategy published on Monday.
It will include:
* £250 million to invest in low carbon business opportunities and innovation. This will include initiatives on low carbon vehicles, as well as the nuclear and renewable energy industries.
* £50 million extra for the Technology Strategy Board to significantly expand its work with business, fostering innovation and new technologies.
* £10 million extra for UK Trade and Investment to help exporters.
Building Britain's Future - New Industry, New Jobs
28/May/2009