A total of £145m will be invested in HPC and its associated e-infrastructure, while £50m will be invested in a research hub for carbon atom-based material graphene, which has been developed at Manchester University. Graphene is the thinnest and strongest known material, and also conducts electricity better than any other.
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According to national news reports, chancellor George Osborne said in the Conservative Party conference statement that the investment will make the UK a world leader in supercomputing: "Improving computing infrastructure is vital to driving growth and giving businesses confidence to invest in the UK."
Osborne said a recent independent report showed investment in computer hardware will increase UK GDP by 3% or more within 10 years.
"In today's figures this translates into some £25bn a year and over 500,000 UK-based, high-added-value jobs," he said.
The government also announced £150m investment in improving mobile phone networks. Working with regulatory body Ofcom, the government will extend mobile coverage to 99% of the country by procuring additional mobile masts. The UK currently has 95% coverage. Procurement of new masts will begin next year.
Ofcom will delay the auction of its 4G spectrum due to a number of technical and competition issues around the sale.