Innovators across the North East get a multi-million pound Industrial Strategy boost

Thursday March 29th, 2018

The Business Secretary Greg Clark MP has today (29 March 2018) announced that, as part of the Industrial Strategy, 3 projects across the North East of England have been awarded almost £15 million to help improve local universities, businesses and entrepreneurs produce new products and services and bring them to market.gregclark

Ensuring the UK is the best place for innovators is at the heart to the modern Industrial Strategy and key to the government’s plan of building a Britain fit for the future. The new investment, part of the £100 million Connecting Capability Fund, will support a range of activity aimed at growing the North East economy, creating jobs and delivering major environmental benefits for the region.

Business Secretary Greg Clark MP said:

The North East has some of the most innovative people, businesses and organisations and I am determined to build on its success.

“Improving our ability to bring new innovations and products to market is crucial to the success of the UK economy and the new set of projects announced today will further strengthen the link between our world leading universities and businesses.

“Through our Industrial Strategy we are determined to improve people’s lives. By increasing investment in research and development by an extra £7 billion over the next five years we will ensure the UK remains one of the best places in the world to innovate, do business and create the high value, high skilled jobs of the future ensuring we build a Britain fit for the future.”

Leave a Reply