The post gives him oversight of £1 billion that the TSB will jointly invest with regional development agencies and the research councils from 2008-2011.
Spittle has been associated with the TSB since its formation in 2004 and steered it through the process of becoming independent of central government in 2007. The board has a brief to promote business investment in, and use of, science, technology and innovation, with the aim of increasing economic growth and improving quality of life. It is responsible for delivering government support to encourage business to invest in technology and innovation.