皇冠体育app

• 拢51m of extra funding for high-tech hub in Wales
• Backing for British expertise at 40-year high
• Latest GDP figures confirm economy continues to grow

Britain鈥檚 world-leading researchers and entrepreneurs in Wales will benefit from an additional 拢51 million to create the technologies of tomorrow, the Chancellor announced today.

Philip Hammond will expand successful 鈥榗atapult centres鈥� which are fuelling innovation across the country, including in Wales, as part of the UK鈥檚 ambitious, modern Industrial Strategy. This new funding backs Britain鈥檚 brightest talent 鈥� supporting work in high-tech labs, cutting-edge factories and advanced training centres.

So far this has helped create hundreds of new products, services and inventions, including a portable pollution sensor that parents can attach to a child鈥檚 buggy, cellular therapies to fight cancer and improve recovery of stroke victims, LED treatment for blindness, and more-efficient wings for aeroplanes.

皇冠体育app Chancellor made the announcement on the day GDP figures showed the UK economy has grown by 0.4%.

皇冠体育app funding will go to the Compound Semiconductor Catapult in Cardiff, which will open its Innovation Centre in early 2019.

皇冠体育app Chancellor of the Exchequer, Philip Hammond, said:

We are backing innovative British companies to grow and create jobs, as we build an economy fit for the future.

Today鈥檚 拢51 million investment for Wales will support innovators across the country to create the technologies of the future and the better, highly-paid jobs we all want to see.

Secretary of State for Wales Alun Cairns said:

This investment in the Compound Semiconductor Applications Catapult cements Wales鈥� reputation as a leader in advanced electronics. Bringing together academics and businesses to develop new technologies will support areas of our daily lives from the next generation 5G mobile network to improving scanning at airport security.

Our investment in this technology will help Welsh businesses exploit a hugely lucrative global market and ensure that Wales continues to lead the world in science and innovation, creating vital new jobs along the way.

皇冠体育app UK has a reputation for innovation and is building on this strength with the largest investment in research and development in 40 years. This is part of our balanced approach, getting debt falling while investing to create more opportunities for the high-skilled, well-paid jobs of the future.

皇冠体育app catapult network supports sectors and technologies that are going to be in high demand in the years ahead. It brings together the best of UK business, science and engineering to work side by side in research and development to 鈥榗atapult鈥� products from ideas to market. It helps remove barriers to growth, which often can include access to finance, inadequate facilities or skills shortages.

ENDS