This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
Nick Clegg: "The programme for technology and innovation centres is a key part of our strategy to rebalance the economy."
Deputy Prime Minister Nick Clegg has invited organisations to get involved as the government launches a £200 million initiative to create a countrywide network of technology and innovation centres.
The centres will work with universities and businesses to realise the commercial benefits of research in high technology areas where there are potential multi-billion pound global markets.
The Technology Strategy Board will establish and oversee the centres, with the first centre focusing on high value manufacturing.
Deputy Prime Minister Nick Clegg said:
The banking crisis made one thing completely clear: Britain needs a new kind of growth. It is not right, sensible or fair to be dependent solely on the City of London and on financial services. We should be at the cutting edge of science, manufacturing and technology. And this innovation should be happening in towns and cities across the UK, creating opportunity for everyone, no matter where they live.
The programme for technology and innovation centres is a key part of our strategy to rebalance the economy. We have so much potential here in Britain; now is the time to harness it and build the stable, prosperous economy we want.