SCIENCE Minister George Freeman visited Warwick University to speak about the launch of the Government’s Levelling Up White Paper.
During his talk the minister discussed the significant Research and Development (R&D) funding being brought to the West Midlands region.
BEIS is committing to investing at least 55 per cent of its domestic R&D funding outside the Greater South East by 2024/25.
The West Midlands, and other major regions are to become centres for innovation, creating highly skilled jobs, driving up prosperity and opportunity for local people.
This will backed by £100million of Government R&D funding to pilot Innovation Accelerators.
Mr Freeman said: “This is about creating those high skilled jobs of tomorrow.
“We want to make sure we’re creating jobs in the area, in the schools and the colleges and growing those career paths.”
The Government is increasing the funding into research and development by 30 per cent in the next three years.
The minister added the West Midlands have actually led the way in the UK in converting public investment into industry
“It’s a celebration really and is a feather in Warwick and the West Midlands’ cap.”
Mr Freeman said £30million of funding would be given to the region accelerator and the plans for the specific programmes would be shaped regionally.
“We’re not imposing a blueprint from London, we’re inviting the cluster here locally to work out a plan of how they want to invest that £30million to deliver growth.”