As the UK's innovation agency, The Technology Strategy Board endeavours to stimulate and support business-led innovation in order to accelerate economic growth.
The latest Delivery Plan is built on the foundation of the 2011-2015 strategy, Concept to Commercialisation, and explains the activities planned during this year, up to March 2014, to support the achievement of their goals and contribute to the drive for growth. The overall budget for this financial year is approximately £440m.
Under the Energy Theme the TSB will commit up to £35m to business-led projects and Missions, and up to £10m to the Offshore Renewable Energy Catapult, with a focus on new energy technologies that help solve the challenges of sustainability, security, and affordability of supply and supporting the implementation of the Government’s industrial strategies for nuclear, oil and gas, and offshore wind.
To support innovation in the Built Environment they will commit up to £16m to business-led projects and up to £10m to the Future Cities Catapult, with a focus on systems integration, users, delivering designed performance, and supporting the implementation of the Government’s Construction Industrial Strategy.
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