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Home > News > News Archive > A Major Boost for Buxton Research Facility

A Major Boost for Buxton Research Facility

Published: Wed, 25 Jan 2006 14:38:17

The Health and Safety Laboratory in Buxton has been awarded £778,500. The laboratory is one of 29 innovative UK projects to win funding from a £25m DTI fund to turn public sector research into commercial success.

This funding will increase the opportunities to commercialise products and services arising from research in the laboratory. Five products have already been identified for development.

The projects, announced by Trade and Industry Secretary Alan Johnson, have been awarded the cash through the third round of the Public Sector Research Exploitation (PSRE) fund to market their 'cutting-edge' research.

Alan Johnson told us:

"Without this vital financial support much of the cutting edge research taking place in public sector organisations might never make it out of the lab. The fund helps bright ideas bear fruit and become commercially viable products and services.

"It is essential for the benefit of the UK economy and our world-leading position in science and innovation that we support the widest commercial development of scientific knowledge and services. This funding round builds on the £25m we have allocated in earlier rounds."

The Public Sector Research Exploitation fund was set up in 2001 to help public sector organisations including research council institutes, government laboratories, NHS Trusts and major museums and galleries to market their research.  Universities receive similar Government funding through the Higher Education Innovation Fund (HEIF).

For more information on the projects receiving third round PSRE use the link below.

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