Last edited 19 Mar 2021

Technology Strategy Board TSB

NB in August 2014, the Technology Strategy Board was renamed 'Innovate UK'

Innovate UK stated, 'The nature and remit of the organisation will remain the same. It will continue to fund, support and connect innovative businesses through a unique mix of people and programmes to accelerate sustainable economic growth.'

For more information see: Innovate UK.

The Technology Strategy Board was originally established in 2004 to advise the Secretary of State for Trade and Industry on business research, technology and innovation. On 1 July 2007 it took on a wider role and was re-structured as an arm's length, business-led, executive non-departmental public body (NDPB) sponsored and funded by the Department for Business, Innovation and Skills (BIS).

It described itself as 'the UK's innovation agency', stimulating innovation by working with business and other partners, to accelerate economic growth.

In 2013/14 it had a budget of £440m. Project funding was usually matched by business, and as a result of this and other partner contributions, the Technology Strategy Board enabled around £2.5bn of investment in its first five years.

The Technology Strategy Board was required to act in accordance with a management statement and financial memorandum. It had a governing board, with representatives from business, research and innovation and was run by a chief executive, management team and around 200 staff.

The Technology Strategy Board managed a wide range of innovation programmes, including:

The Technology Strategy Board established the Low Impact Buildings Innovation Platform in 2008 focusing on six challenges:

The Technology Strategy Board also funded the Modern Built Environment Knowledge Transfer Network (MBE KTN) and is establishing a Catapult centre in Future Cities.

For information about current activities, see: Innovate UK.

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