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BUDGET 2011 Regional Breakdown: South East

Harwell in Oxfordshire will be handed £20 million in additional funding to build two new science centres as part of the Government’s £100 million science bounty announced in today’s Budget.

The ISIS research centre and the International Space Innovation Centre, both at Harwell, will each receive £10 million worth of funding from central government funding.

Chief secretary to the Treasury, Danny Alexander, said: “Today’s Budget sets out measures that will support strong and sustainable private sector growth, reform the economy and tax system and help people in the South East to make ends meet in these difficult times. It takes affordable action to reduce fuel prices while raising the threshold at which people start paying tax, taking a further 260,000 people out of income tax altogether and reducing the tax paid by 25 million people by an average of £48.”

The government also announced a commitment to two capital projects:

  • Intercity Express Programme - the £4.5bn Intercity Express Programme will see the building of a combination of around 100 electric trains and bi-mode intercity trains, which will run to Great Western Main Line stations including Oxford and Reading.
  • £900m of rail electrification projects on lines between London and Didcot, Newbury and Oxford. This will be completed by 2018.

 

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