By Francesca James
The Chancellor has delivered his 2012 Autumn Statement to parliament, here are some of the main points that were made:
An additional £600 million for science, research and innovation, which takes the total investment since the 2010 spending review to an additional £1.5 billion.
An extra £270 million to be spent on laboratories, classrooms and other facilities in our Further Education colleges.
£1 billion confirmed for the business bank, which will address the long-term structural gap in lending to small businesses.
An extra £120 million invested in supply chains, to encourage companies to invest here in the UK.
The Regional Growth Fund will also receive an additional £350 million, bringing the total available in 2012-13 to £2.75 billion.
The first stage of the Government’s response to Lord Heseltine’s independent review on economic growth, ‘No Stone Unturned’.
Extra money for the Employer Ownership Pilot, taking it to £340 million overall and giving businesses funding so they can design and develop their own training programmes.
Increased funding of £140 million for UK Trade & Investment (UKTI) to help small and medium sized business export abroad.
£1.5 billion to help our smallest companies to access growing markets overseas. For the first time UK Export Finance, the Government's export credit agency, will be able to issue loans to overseas customers and buyers wanting to purchase goods from UK businesses.
A package of measures to cut back red tape that business has told Government stops them from growing.
The Department’s Science budget will continue to be protected and ring-fenced for the rest of the Spending Review.