Speaking at the Global Investment Conference, prime minister Gordon Brown announced that the advanced manufacturing, digital and life sciences sectors will receive support from the UK Innovation Investment Fund (UKIIF).
Fund managers the European Investment Fund has matched £100 million put up by the government and the sum will be channelled towards venture capital vehicles focusing on technology-based companies.
The deal follows the announcement last month that £125 million from the UKIIF will be given to the country's low-carbon and clean-tech industries.
Mr Brown commented: 'Our new £325 million Innovation Investment Fund - launched as part of Building Britain's Future - shows our commitment to the industries and the technologies that will create the skilled jobs of the future.'
Lord Drayson, science and innovation minster, added that the fund is important in helping the UK economy to return to growth and create new IT jobs.
Earlier this month, research consultancy IDC claimed that the IT industry will play an important role in helping the global economy recover from the recent downturn.
Fund managers the European Investment Fund has matched £100 million put up by the government and the sum will be channelled towards venture capital vehicles focusing on technology-based companies.
The deal follows the announcement last month that £125 million from the UKIIF will be given to the country's low-carbon and clean-tech industries.
Mr Brown commented: 'Our new £325 million Innovation Investment Fund - launched as part of Building Britain's Future - shows our commitment to the industries and the technologies that will create the skilled jobs of the future.'
Lord Drayson, science and innovation minster, added that the fund is important in helping the UK economy to return to growth and create new IT jobs.
Earlier this month, research consultancy IDC claimed that the IT industry will play an important role in helping the global economy recover from the recent downturn.
