UK science to receive £290m boost

Investment in the projects - the European Spallation Source (£165m), the Square Kilometre Array (£100m), and ESA’s PLATO mission (£25m) - forms part of the government’s long term economic plan and are expected to generate £150m annually for the economy.

Speaking ahead of today’s announcement science minister David Willetts said: ‘Investment in science is a crucial part of this government’s long-term economic plan. It’s about investing in our future, helping grow new industries and create more jobs – and that will mean more financial security for people across the country.’

The European Spallation Source (ESS) in Sweden will be the world’s biggest microscope, enabling UK scientists to work at the cutting edge of a broad range of science disciplines underpinned by material science, including designing computing chips, batteries and pharmaceuticals, and complementing the existing ISIS source at Harwell.

The Square Kilometre Array  will be the largest and most sensitive radio telescope in the world producing 10 times the current global traffic of the internet. British scientists are already helping to develop the central computer which will read the huge volume of new data, meaning this project could lead to faster smartphones and increased internet speeds across the UK . According to the Department of Business, Innovation and Skills (BIS) the global market for data analysis is also expected to be worth £31bn by 2016.