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2013 Autumn Statement: IP&IT implications
Practical Law UK Legal Update 8-550-8985 (Approx. 3 pages)
2013 Autumn Statement: IP&IT implications
by Practical Law IP&IT
| Law stated as at 05 Dec 2013 • United Kingdom |
The Chancellor's Autumn Statement on 5 December 2013 includes a number of announcements relating to science and innovation.
Speedread
The Chancellor has published his 2013 Autumn Statement, which includes a number of measures relating to science and innovation.
Facts
The Chancellor of the Exchequer, George Osborne, delivered his 2013 Autumn Statement on 5 December 2013. The Statement includes a number of measures to bolster the UK's science and technology bases. Among other things, the government will:
- Develop a network of Quantum Technology Centres with an investment of £270 million over five years. The centres will focus on the application of quantum research and the development of related new industries.
- Support research and innovation in emerging powers and build partnerships with the UK through an annual fund of £75 million.
- Set up a global collaborative space programme with an £80 million fund.
- Produce a science and innovation strategy for the Autumn Statement 2014, which will include a roadmap for the government's commitment to science.
(See HM Treasury: 2013 Autumn Statement, paragraphs 1.209 - 1.211 and 2.155 and 2.158.)
For a summary of the issues relevant to the media and telecoms sectors, see Legal update, 2013 Autumn Statement: Media & Telecoms implications.
For an overview of the key business tax announcements made in the Statement, see Legal update, 2013 Autumn Statement: business tax implications.
For Practical Law's coverage of the Statement, see 2013 Autumn Statement.