More cash for creative sector

The creative industries are to benefit from a new slice of Government funding, which will be made available for collaborative innovation and new technology ventures from next January.

The funds are part of a £100m initiative announced yesterday by John Denham, Secretary of State for Innovation, Universities and Skills, targeting eight ‘technology sectors’ over the next six months.

Submissions from projects in the creative industries will be considered from 30 January 2008, in the third and final phase of the scheme. Other sectors that will benefit include energy, manufacturing, low-carbon technologies, and health.

It is being overseen by the Technology Strategy Board in a bid to deliver ‘successful new products and services’ through the collaboration of businesses and other organisations. Projects which link up several business sectors, link businesses with academic or business research, or which involve SMEs will be prioritised for funding.

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The TSB is also holding bids to find a body in the creative industries, which can run its proposed new knowledge-sharing network. The winning bid will be announced in the New Year.

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