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Graduates set to benefit from £1bn for business innovation
Monday, 08 October 2007
Science, IT and Engineering
A major government initiative to boost business innovation, science and technological development looks set to benefit graduates.
Ministers have pledged to plough £1 billion investment over the next three years into a package intended to support technology and innovation in business at all levels.
And the financial support is just one of a number of measures to be enacted by the government that could reap rewards for graduates looking to move into the science, technology and business innovation sectors.
Launching the proposals, chancellor Alistair Darling said: "The UK can only maintain its competitiveness in today's more globalised world by placing itself at the forefront of the new scientific and technological breakthroughs that determine the future face of our economy."
Those seeking graduate jobs in the sector could also benefit from the program's aim to enhance the Higher Education Innovation Fund as ministers seek to improve the knowledge transfer between universities and business.
The news comes after a report in the Time warned earlier this year that pharmaceutical giant GlaxoSmithKline was being forced to look overseas for graduate recruitment due to a lack of UK science graduates.