Cable sets out vision for British industry

Cable sets out vision for British industry

11 Sep 2012

Business Secretary Vince Cable has outlined a vision for the future of British industry including the importance of unlocking the potential of innovative technologies and emerging industries of the future.

In the speech, at Imperial College London on September 11th, Vince Cable also spoke of the role of the Technology Strategy Board in stimulating the innovation that is needed to realise this vision.

Outlining how the Technology Strategy Board is supporting disruptive technologies with the potential to grow into new industries of the future, the Business Secretary announced new competitions in energy efficient computing and energy harvesting which will open in October.

He also announced the Innovation and Knowledge Centre in Synthetic Biology, which we, EPSRC and BBSRC with other partners will be working together to establish.

Mr Cable highlighted the role of the Catapult centres in supporting the development and commercialisation of core technologies, as well as a range of other recent Government investments.

He went on to say “I want to ensure that such investment represents not just a burst of ministerial enthusiasm but commitments over future parliaments and spending reviews. Key to this will be expanding the role of the Technology Strategy Board as resources allow.”

The speech also includes plans on skills and procurement, as part of “a pragmatic, sophisticated industrial strategy that will generate the confidence needed for businesses to invest in the long term.”

Visit the BIS website here to read the full speech

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Last updated on Tuesday 25 September 2012 at 16:33

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