- New £750m for green technology and low carbon industries
- UK to lose £44bn unless new investment made in high growth sectors
- Plans to provide 2Mb broadband connection across UK by 2012
This year’s budget saw the government announce a raft of fresh measures to deliver green technology, support low carbon industries, and press forward with Lord Stephen Carter’s vision for Digital Britain. Technology correspondent, Jon Wilcox, reports.
Chancellor Alistair Darling, announced a raft of supporting measures to develop low carbon industries, green technologies, and digital communications, as part of this year’s budget. During the statement, Darling confirmed that £750m would be made available for emerging low carbon industries and green technologies through the creation of a new Strategic Investment Fund.
The fund forms part of a £1bn package, which the government said will help the UK “combat climate change.” An additional £2.5bn of support for businesses looking to invest in those perceived high-growth industries was described by the chancellor as, “essential if we are to prepare for the future.”
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