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In the last two years the number of exists has fallen by 40 per cent and the total amount of VC funding is down 50 per cent, according to new research by NESTA.

The UK’s new coalition government has swept into office and announced immediate cuts of £6 billion in public spending.

Innovation may rest on R&D, but it takes place in a far bigger and more diverse context, says the UK’s new science minister, David Willetts.

UK science is having a party. In the last weeks of its term of office the government has made a series of announcements in big ticket science and innovation.

Venture capitalists have called for the creation of a Green Investment Bank to accelerate private sector investment.

The top 1000 UK companies invested more than £26 billion on developing new products, services and improving productivity in 2008.