|
|
|
22 Feb 2010
The government is set to plough a share of £200m from the UK Innovation Investment Fund (UKIIF) into technology manufacturing businesses to stimulate economic growth and create new jobs.
This follows on from an announcement last month that £125m from the UKIIF will be invested in low-carbon and clean tech sectors.
The latest announcement will see the latest £200m shared between companies in the life sciences, digital and advanced manufacturing businesses.
Further reading
Prime minister Gordon Brown said at the Global Investment Conference today: “Our new £325m IIF – launched as part of Building Britain’s Future – shows our commitment to the industries and the technologies that will create the skilled jobs of the future.
“This fund, seeded by government, is bringing private venture capital to growing enterprises. It is already providing £125m of funding to high-tech, low-carbon businesses. From today, a further £200m will be available for life sciences, digital and advanced manufacturing.”
Lord Drayson, science and innovation minister, said: “Despite a tough market, the UK Innovation Investment Fund goes from strength to strength. Private funds have matched the government's investment and money can now flow into promising technology companies. This is just the boost these companies need as the economy returns to growth."
UKIIF’s remit is to target small growing businesses, startups and spin outs for investment, including those in pre-profit and pre-revenue stages of development.
Related articles
In this video find out about the fast-growing Chinese vendor's plans for market domination and how the channel is its route of choice
Find out what gifts Acer has in store for partners for 2012 in this exclusive roundup of its recent conference
CRN's premier networking event is back on 17 May at the Ricoh Arena
Date: Thu 17 May 2012
Channel fighters preparing to square up once more on 24 May
Date: Thu 24 May 2012
The proliferation of endpoint devices within the enterprise has highlighted the shortcomings of one of the traditional approaches to data security
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Dave discovers that rozzers are seemingly living in the technology dark ages
Mark Needham, founder of distributor Widget, argues that John Browett leaves for Apple with Dixons in better shape than when he arrived
|
|
|
Do you agree?
Have your say