The government that runs the UK has suddenly found a giant heap of steaming cash for ‘high-tech hubs’.
Announcing the £780 million bonanza, chancellor Philip Hammond claimed the money will help to create the technologies of tomorrow by bolstering Britain’s world-class researchers and entrepreneurs.
Furthermore, Mr Hammond ‘will expand “successful catapult centres” which are fuelling innovation across the country as part of the UK’s ambitious, modern Industrial Strategy’.
According to the government’s press release, from which every part of this story is taken, these ‘catapult centres’ have already led to the birth of ‘hundreds of new products, services and inventions’ such as a pollution sensor for buggies, and more-efficient aeroplane wings.
The £780m builds on £180m that prime minister Theresa May announced for ‘centres in the North East’ in July – bringing the total to nearly £1 billion.
Mr Hammond boasted: ‘We are working hard to build a stronger, fairer economy – dealing with the deficit, helping people into work, and cutting taxes for individuals and businesses. Unemployment is at its lowest since the 1970s, our national debt is starting to fall, and the economy has grown every year since 2010 (all sic).’
Things sound pretty rosy, don’t they?
Anyway, that’s the gist of things. Here’s the government’s press release, which is absolutely packed with quotes by ministers, case studies and lots of details about how great the government is and how wonderfully well everything’s going in the UK. Enjoy!