Chancellor Philip Hammond’s Autumn Statement, the last before being replaced by an autumn budget, has signalled significant investment in research, development and innovation.
Among his key pledges, Hammond announced the creation of a new national productivity investment fund worth £23bn. It will focus on innovation and infrastructure, with investment in research and development rising by £2bn a year by 2020.
An investment of £1bn in digital infrastructure was also unveiled to try and provide “world class” facilities and a leading position for the UK around 5G.
This news is from our content partner Government Computing; please go here for the full version.