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Science and Innovation Policies of Government Review

Volume 467: debated on Tuesday 13 November 2007

To ask the Secretary of State for Innovation, Universities and Skills how much of the £1 billion announced on the publication of the conclusions of the Sainsbury Review, to be spent on business innovation and technology development, is additional resources not previously (a) announced and (b) allocated. (163163)

[holding answer 12 November 2007]: The Technology Strategy Board will develop and lead a strategic programme worth £1 billion over the next three years (the upcoming CSR period), in partnership with the Research Councils and the regional development agencies (RDA). This includes £180 million which will be earmarked by the RDAs and £120 million by the research councils to spend jointly on activities with the TSB. The £1 billion is all new money not previously announced or allocated.