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Osborne in graphene funding boost

Osborne in graphene funding boost
George Osborne has announced almost £22m extra funding to boost the development of graphene.

The "super-material", discovered by scientists at Manchester University, could have applications ranging from telecommunications to energy technology.

Speaking to the Today programme this morning, the Chancellor claimed the UK was "backing a winner" and said the Government would remain committed to investing in science.

"Science and scientific advancement is incredibly important to the development of the British economy," he said.

"In the end we become a more productive economy not by just more back-breaking work but actually by having better tools in our hands, and making greater use of knowledge in our heads. That’s what our economy and other Western economies need to do better at in coming years."

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On air

George Osborne: Science vital to economic development

27/12/2012 on Today, BBC Radio 4