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The Guardian - UK
The Guardian - UK
National
Larry Elliott Economics editor

Jeremy Hunt to announce US-inspired science and technology scheme

Jeremy Hunt United States United Kingdom The Department for Science Innovation and Technology
AI letters and a robot hand
Jeremy Hunt hopes the scheme will help boost growth and generate breakthroughs in areas such as artificial intelligence, robotics and vaccines. Photograph: Dado Ruvić/Reuters

Jeremy Hunt will use his autumn statement to announce a US-inspired scheme aimed at developing homegrown science and technology investors focused on ensuring UK innovations have a commercial payoff.

Amid concern in government that Britain too often fails to exploit scientific breakthroughs, the chancellor is expected to announce plans for a fellowship programme that will train a new generation of science and technology venture capitalists.

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