T H E U K S T R A T E G I C I N V E S T M E N T F U N D – I N T E R I M R E P O R T
Life Sciences 4 %
Wave / marine 5 %
Offshore wind 19 %
Aerospace 38 %
Multi-sector 14 %
General Manufacturing 1 % Other High Tech Manufacturing 3 %
Electronics 2 %
Industrial biotech 2 %
Automotive 4 % Construction 2 %
Communications 6 %
Figure 2: SIF investment portfolio, by sector 1
Source: BIS
l Investments target measures that are non-sector and non-product specific as well as sector specific. For example, SIF funding for the Technology Strategy Board enables it to invest in pre-commercial technologies across a wide range of sectors and the UK Innovation Investment Fund, managed by an experienced Fund of Funds Manager, will provide venture capital for a diverse range of high-tech firms. The SIF has provided support for a number of national centres for demonstration and research for pre-commercial technologies.
l All investments are consistent with Treasury Green Book principles and will be monitored carefully to determine their effectiveness. While these investments will primarily be made over 2009 / 10 and 2010 / 11, the full impact of them will last into future years, with the aim of lasting impacts on the UK economy in recovery.
1
Note these are not SIC classifications of sectors, but a high level breakdown of SIF spend so far.
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