Government’s £40 million investment in “cutting edge” start-ups

Business Secretary Alok Sharma

The Government is to invest £40 million in innovative businesses and start-ups.

The money will drive forward new technological advances.

Projects to receive help from the funding include virtual reality training for surgeons and farmers’ markets.

Business Secretary, Alok Sharma, said:

“The coronavirus crisis has created challenges that impact the way we live, work and travel but has also prompted a wave of new innovations as businesses look at ways to solve some of the challenges facing our world today.

“This funding will support UK start-ups to deliver potential solutions, services and ways of working and help ensure the long-term sustainability of these businesses.

The Exchequer Secretary to the Treasury Kemi Badenoch said:

“The UK is a world-leader in research and development, and our ability to innovate will be key to tackling this crisis.

“This £40 million of funding will deliver practical solutions such as new virtual farmers markets and entertainment platforms to bring the best British produce and cultural entertainment to our own homes.”

 


About the Author

Philip Braund spent 16 years at the Daily Mirror as a reporter and news editor before moving to ITV. He was the series producer of the ground-breaking investigation programme The Cook Report, Managing Editor at ITV's Millbank Studios, and Head of News at ITV Central. He has won national and regional Royal Television Society awards for documentaries.



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