Over £720 million has already been allocated from the Strategic Investment Fund for specific projects and investments. We expect that in the region of £200 million will have been spent by the end of this current financial year.
The SIF is a UK-wide fund, and many of the projects supported by the SIF are themselves UK-wide in geographical scope. This includes for example achieving universal access to broadband, as part of the Digital Britain programme, and the UK Innovation Investment Fund. It is not possible at present to provide information on the geographical distribution of spend under these projects.
A number of other projects supported under the SIF can be identified to specific geographical locations, though the benefits of the projects will often be felt over a much wider area. Projects of this kind include the following, which will receive either full or part funding from the SIF:
Project Geographical location Total BIS support (£ million) Industrial Biotech Demonstrator Wilton, Teesside 12.0 Airbus A350XWB Launch Investment Broughton, Clwyd and Filton, SW England 340.0 Printable Electronics Centre Sedgefield, Durham 12.0 Rolls Royce low carbon aeroengine technology Derby, East Midlands 45.0 Centre of Excellence for Silicon Design Bristol, SW England 0.5 National Composites Centre Bristol, SW England 12.0 Stevenage Bioscience Park Stevenage, Herts 12.0 Wave Hub—test-bed for wave energy devices Hayle, Cornwall 9.5 South West Marine Energy Development SW England 10.0 Wave and Tidal Energy Test Centre Blyth, Northumberland 10.0
Further details on these projects and other investments being funded from the SIF are contained in the Interim Report the Department published in October, copies of which are available in the Libraries of the House.