CBI responds to Government’s Industrial Strategy vision
The CBI today commented on Business Secretary, Vince Cable's speech in which he outlined his vision for the future of British industry.
The Industrial Strategy Challenge Fund aims to bring together the UK’s world-leading research with business to meet the major industrial and societal challenges of our time. This is part of government’s £4.7 billion investment in R&D over 4 years.
By investing in and supporting UK businesses and researchers, the fund will ensure that research and innovation takes centre-stage in government’s Industrial Strategy.
This fund develops, demonstrates and supports the adoption of new products and services that will capture the public’s imagination and strengthen the UK’s position as a world-leader in creative content. The investment is up to £33 million.