According to its “Delivery Plan” for 2012–13, the UK’s Technology Strategic Board will have a budget of £390 million ($609 million), including an additional £25 million for funding for small and medium-size enterprises. The Board plans to launch 60 competitions for R&D for designated themes, up from 50 during previous year, and award £250 million. Among the projects receiving a higher share of funding are the “Biomedical Catalyst” program for translational medicine, which will receive up to £30 million and a regenerative medicine and cell therapy competition, which will receive up to £10 million. The Board also plans to open six “Catapult” innovation centers, with funding of up to £10 million per year for each, and each focused on one field: cell therapy, offshore renewable energy, satellite applications, the connected digital economy, future cities and transport systems.

Source: Technology Strategy Board