LONDON The U.K. Technology Strategy Board is to become independent of governemnt and will take over the funding of the £178million Technology Programme next year. The new board will fund industry R&D projects, advise Government and help U.K. businesses to take up new innovative technologies.
A further £50 million funding is being made available from the Technology Programme to support technology and innovation under a new competition for collaborative research and development projects.
“Our Technology Programme already supports over 500 projects worth around £750 million of business and government spending on research and development. We will continue to back it,” said Alistair Darling, Secretary of State for Trade and Industry.
“The £50 million available for the Autumn 2006 competition that we are announcing today does that, funding new collaborative research in vital areas such as low carbon energy technologies, the challenge of zero emission enterprise and biopharmaceuticals.”
Graham Spittle, vice president, business integration development and director, of IBM's Hursley Laboratory will continue chair of the Technology Strategy Board whose main location will be in Swindon.