Budget 2014: Chancellor promises multimillion-pound cash injection for British science to boost links between academia and the tech industry

 

Science Editor

The Government is hoping to strengthen the bridges between academic science and high-tech business by investing in industry-training centres for science PhDs and by spending more money on institutes to commercialise stem cell technology, graphene and “big data” research.

George Osborne announced that £106 million will be spent over five years in 20 new centres for doctoral training, to strengthen Britain’s science, maths and engineering capabilities. It will help to train about 750 post-doctoral students to prepare them for the demands of industry.

A new Alan Turing Institute is also to be built, costing £42 million over five years, to specialise in the analysis and application of "big data". The location of the institute, named after a British code-breaker in the Second World War, has yet to be decided.

The commercial exploitation of large databases, such as those held by the public sector, is expected to benefit the British economy by £261 billion and create 58,000 jobs before 2017, the Government said.

Read more: The Independent's Budget coverage in full

“The centre will conduct first class research in an environment that brings together theory and practical application,” it said.

Additional funding has also been found for the UK’s Catapult Network, designed to help scientific research become commercially relevant. Mr Osborne said that an extra £55 million over five years will go towards a Cell Therapy Manufacturing Centre to exploit developments on stem cell science, and another £19 million will be spent over the same period on graphene, the carbon-based material discovered by scientists at Manchester University.

“Cell therapies offer a potential revolution in healthcare. The UK has a leading research position in cell therapy research, but has limited manufacturing capability,” the government said.

“Equally, the UK has a strong position in the fundamental science of graphene with an increasing focus on exploring the potential applications through the scaling-up of manufacturing processes,” it added.

Firms using the new cell therapy centre are estimated to generate £1.2 billion by 2020, and 80 per cent of this will be in exports, said Keith Thompson, the chief executive of Cell Therapy Catapult.

“The decision to build the cell therapy manufacturing centre is a recognition of the quality and growth potential of the UK cell therapy industry,” Mr Thompson said.

Sir Paul Nurse, President of the Royal Society said: “Investment in our best scientists and scientific research is an investment in the UK's future and now that we are seeing signs of economic recovery it is the time to provide even greater support for our science.”

News
peopleHowards' Way actress, and former mistress of Jeffrey Archer, was 60
Sport
Romelu Lukaku puts pen to paper
sport
News
Robyn Lawley
people
Arts and Entertainment
Unhappy days: Resistance spy turned Nobel prize winner Samuel Beckett
books
PROMOTED VIDEO
News
people
Life and Style
Troy Baker and Ashley Johnson voice the show’s heroes
gamingOnce stilted and melodramatic, Hollywood is giving acting in video games a makeover
News
A speech made by the Turkish Deputy Prime Minister urging women not to laugh in public in order to preserve morality has sparked a backlash on social media from women posting defiant selfies of themselves laughing at his remarks.
GALLERYWhy are Turkish women having a chuckle at the government's expense?
News
i100
Life and Style
Phones will be able to monitor your health, from blood pressure to heart rate, and even book a doctor’s appointment for you
techCould our smartphones soon be diagnosing diseases via Health Kit and Google Fit?
News
people
Extras
indybest
Travel
Ryan taming: the Celtic Tiger carrier has been trying to improve its image
travelRyanair has turned on the 'charm offensive' but can we learn to love the cut-price carrier again?
News
ebookA unique anthology of reporting and analysis of a crucial period of history
Sport
Usain Bolt confirms he will run in both the heats and the finals of the men's relay at the Commonwealth Games
commonwealth games
Life and Style
Slim pickings: Spanx premium denim collection
fashionBillionaire founder of Spanx launches range of jeans that offers 'thigh-trimming construction'
News
Sabina Altynbekova has said she wants to be famous for playing volleyball, not her looks
people
News
i100
Life and Style
tech'World's first man-made leaves' could use photosynthesis to help astronauts breathe
Independent
Travel Shop
the manor
Up to 70% off luxury travel
on city breaks Find out more
santorini
Up to 70% off luxury travel
on chic beach resorts Find out more
sardina foodie
Up to 70% off luxury travel
on country retreats Find out more
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

SEN KS1 Teacher

£21804 - £31868 per annum: Randstad Education Chelmsford: Qualified and experi...

KS2 Teacher

£21588 - £31552 per annum: Randstad Education Chelmsford: Exceptional teacher ...

Year 5/6 Teacher

£100 - £120 per day: Randstad Education Chelmsford: Would you like to be part ...

Teacher

£100 - £120 per day: Randstad Education Chelmsford: We are currently recruitin...

Day In a Page

Save the tiger: The day America’s love of backyard tigers led to a horrific bloodbath

The day America’s love of backyard tigers led to a horrific bloodbath

With only six per cent of the US population of these amazing big cats held in zoos, the Zanesville incident in 2011 was inevitable
Samuel Beckett's biographer reveals secrets of the writer's time as a French Resistance spy

How Samuel Beckett became a French Resistance spy

As this year's Samuel Beckett festival opens in Enniskillen, James Knowlson, recalls how the Irish writer risked his life for liberty and narrowly escaped capture by the Gestapo
We will remember them: relatives still honour those who fought in the Great War

We will remember them

Relatives still honour those who fought in the Great War
Star Wars Episode VII is being shot on film - and now Kodak is launching a last-ditch bid to keep celluloid alive

Kodak's last-ditch bid to keep celluloid alive

Director J J Abrams and a few digital refuseniks shoot movies on film. Simon Usborne wonders what the fuss is about
Once stilted and melodramatic, Hollywood is giving acting in video games a makeover

Acting in video games gets a makeover

David Crookes meets two of the genre's most popular voices
Could our smartphones soon be diagnosing diseases via Health Kit and Google Fit?

Could smartphones soon be diagnosing diseases?

Health Kit and Google Fit have been described as "the beginning of a health revolution"
Ryanair has turned on the 'charm offensive' but can we learn to love the cut-price carrier again?

Can we learn to love Ryanair again?

Four recent travellers give their verdicts on the carrier's improved customer service
Billionaire founder of Spanx launches range of jeans that offers

Spanx launches range of jeans

The jeans come in two styles, multiple cuts and three washes and will go on sale in the UK in October
10 best over-ear headphones

Aural pleasure: 10 best over-ear headphones

Listen to your favourite tracks with this selection, offering everything from lambskin earmuffs to stainless steel
Commonwealth Games 2014: David Millar ready to serve up gold for his beloved Scotland in the end

Commonwealth Games

David Millar ready to serve up gold for his beloved Scotland in the end
UCI Mountain Bike World Cup 2014: Downhill all the way to the top for the Atherton siblings

UCI Mountain Bike World Cup

Downhill all the way to the top for the Atherton siblings
Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star