Further £12 million investment in new research and development

The Technology Strategy Board is to invest up to £12m through three new research and development competitions that will stimulate innovation and support growth across the UK.

Scheduled to open in May and June, the three competitions are designed to accelerate the development of innovative new technologies in different areas - materials technologies for use in energy generation, transmission, distribution and storage, strategies to improve the resistance of buildings to climate change and ICTs for the manufacturing and construction sectors.

The investments will build on the Technology Strategy Board's ongoing programme of activity to stimulate and support business-led innovation across the UK, through funding to aid the development of new technologies and a range of activity that fosters and encourages collaboration and knowledge sharing in a wide range of technology areas and business sectors across the UK.

The three new competitions are Energy Materials (£3m), Design for Future Climate (£2.4m) and ICT for high value manufacturing and construction (£7m).

Further information about the three new competitions will be available shortly on the competitions page of the Technology Strategy Board website - www.innovateuk.org.