DTI announce £60m technology funding boost

The Department of Trade and Industry (DTI) has announced that 56 innovative projects, critical to boosting the economy, are to receive a £60 million boost.

The projects include the development of cutting edge stem cell applications for therapeutic medicine and creating the next stage in renewable energy technology.

The DTI believes that this £60 million funding from the Technology Strategy will help UK businesses gain a competitive advantage.

Seven priority technology areas have received funding, including inter-enterprise computing (£10.2 m), renewable technologies (£9.3m) and sensor and control systems (£7.2m). An additional £9m has also been awarded to establish knowledge transfer networks in these technology areas. The new investment will provide grants between 25% and 75% for collaborative projects, while the knowledge transfer networks will be funded at 100%.

The grants are part of the government's plans to promote innovation and help companies, research organisations and universities to exploit potential applications of these new technologies, so that the UK can become a leading country in these areas.

The DTI believes that this funding from the Technology Strategy will help UK businesses gain a competitive advantage.

The competition for funding under the Technology Strategy was announced by Minister for Science and Innovation, Lord Sainsbury, in April 2004. Commenting on the successful projects, Lord Sainsbury, said: "This £60 million for innovative technologies demonstrate the DTI's role as the national champion of science, innovation and technology, bringing commercial advantage to the UK."

A competition, which will provide £80 million for projects in a further nine technology areas, was also launched on November 29, 2004. The nine areas, identified by the recently appointed business-led Technology Strategy Board, included micro and nanotechnology, pervasive computing and energy technologies.

Businesses need to submit their online applications by February 7, 2005. Further information can be found at www.dti.gov.uk/technologyprogramme/


Related UK National News Stories
Click here for the latest headlines.

30 October 2003
70 projects to share £2.5m DTI funding
Projects aimed at improving working conditions in charities, hospitals, offices and factories are to share £2.5 million from the DTI Partnership Fund, Employment Relations Minister Gerry Sutcliffe announced today. In all, 70 projects costing a total of £5.5 million and benefiting almost a quarter of a million workers across the UK will be set up.
02 June 2014
£5m Announced To Cut Vehicle Pollution
Towns and cities across England can bid for funding to make improvements to local bus fleets and other vehicles which would slash pollution, Transport Minister Baroness Kramer announced today. Local authorities and other public bodies will be able to apply for a share of £5 million from the Clean Vehicle Technology Fund.
14 October 2003
Rolls-Royce awarded £17m for aerospace research
Rolls-Royce have been awarded £17.3 million in DTI funding for a new civil aerospace research programme, it has been announced today. The new programme, called ATAP-10, will draw on £38.8 million in funding over four years, £17.3 million of which will be provided by the DTI, the remainder by Rolls-Royce.
04 November 2008
Crossrail Boost As BAA Agree £230m Funding
Crossrail took a significant step forward today thanks to the agreement of a £230 million funding package from BAA, Transport Minister Andrew Adonis and BAA's Strategy Director Mike Forster have announced. In return, Crossrail will guarantee a fast train service four times an hour for the majority of the day.
16 January 2014
£30m Funding Announced For 3D Printing Centre
Funding of £30 million has been pledged to develop 3D printing and aerospace technology, chancellor George Osborne has announced. Promising to "unashamedly" back British manufacturing, it is understood that the money will be used to create a national centre for 3D printing at Manufacturing Technology Centre in Ansty Park in Coventry.
10 October 2013
Funding For Farmers To Turn Waste Into Energy
Farmers will be able to obtain funding to set up small anaerobic digestion (AD) plants under a government-funded loan scheme that opens today. The technology turns waste into energy, reduces greenhouse gas emissions and produces a renewable source of bio-fertiliser.
20 July 2004
Refugees urged to get involved in integration strategy
Refugees have been called on to make their voice heard on a new national refugee integration strategy published for consultation by the Home Office today.
06 November 2013
30 Projects Receive Funding To Tackle Rough Sleeping
The Housing Minister has announced the projects benefitting from the latest installment of multi-million pound Homeless Transition Fund. Projects helping rough sleepers are to benefit from a multi-million government fund to help ensure no-one spends more than a night on the streets, Kris Hopkins announced today.
16 March 2011
£10m Funding For Three Low Carbon Vehicle R&D Projects
The Engineering and Physical Sciences Research Council (EPSRC) is providing £10 million for three major projects to address fundamental research questions in developing low carbon vehicles, Business Minister Mark Prisk has announced.
21 January 2004
Rural bus projects gain £20m in funding
A total of £20.3 million is to be awarded to 42 bus projects in rural areas, Transport Minister Tony McNulty announced today.
04 December 2003
Refugee projects to gain £2m in funding
More than 40 local initiatives to help people given refugee status to integrate, work and participate in UK society will receive nearly £2 million in government assistance, the Home Office announced today.
22 September 2003
Funding for renewable energy projects announced
Extra funding for 12 renewable energy projects across the UK totalling £1.65 million has been announced today by Energy Minister Stephen Timms. The funding is part of the DTI's £20 million Major Photovoltaic (PV) Demonstration Programme which helps householders, public buildings, community projects and commercial ventures convert to solar power.