Increased funding for Technology Strategy Board
The Technology Strategy Board, the agency responsible for supporting innovative businesses in the UK, has been provided a record £440m of funding. This represents an increase of £50m on last year and will benefit technology sectors including digital technology, healthcare, advanced materials, renewable energy and satellites.
SMEs are a key focus and programmes such as Knowledge Transfer Partnerships, Innovation Vouchers and the SMART awards will benefit from the increase in funding, providing the opportunity for innovative businesses to access finance and specialist expertise. There will also be increased investment in other sector specific competitions to help fund innovative projects across the economy.
Get in touch with us today to find out more about funding for innovation.
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