Written question asked by Chi Onwurah (Labour) on Tuesday, 27 March 2012, in the House of Commons. It was due for an answer on Monday, 16 April 2012. It was answered by Mark Prisk (Conservative) on Monday, 30 April 2012 on behalf of the Department for Business, Innovation and Skills.
Technology: Greater London
- Question
- To ask the Secretary of State for Business, Innovation and Skills pursuant to the answer of 19 March 2012, Official Report, column 523W, on technology: Greater London, from what budgets within the Technology Strategy Board (TSB) and UK Trade and Investment (UKTI) did TSB's and UKTI's funding for Tech City come; and how much remains within each of those budgets for potential allocation to other cities.
- Answer
-
[holding answer 16 April 2012]: United Kingdom Trade and Investment (UKTI) funds the Tech City activity from its programme budget which is voted by Parliament each year. This programme budget is allocated to UKTI to support its trade development and inward investment work. Of the £26 million allocated this year by UKTI to specific inward investment events and programmes in the UK, the Tech City share from this programme budget was £1.7 million, some 6.5% of the total, with the remainder being deployed for support across the whole of the UK including the devolved Administrations, city regions, local enterprise partnerships etc.The Technology Strategy Board's Tech City Launchpad activity is funded from its Digital Thematic budget which forms part of the Technology Strategy Board's overall programme budget.The Tech City Launchpad activity has committed grant funding of £1,732,806 for digital projects seeking matched investment. The total of grants accepted so far is £200,000. Other projects to be supported by this grant have up to 31 January 2013 to find matched funding to exercise the grant.The Technology Strategy Board will be investigating additional technology areas and cities for other possible Launchpad activities in 2012-13.
Secondary information
- Type
- Written question
- Reference
- 543 c1262-3W; 103065
- Session
- 2010-12
- Related items
- Subjects
- Greater London Technology
- Link
- View this Written question on www.publications.parliament.uk
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- Timestamp
- 2025-04-14 17:05:43 +0100
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