#government-investment

#government-investment

The high-tech Antarctic icebreaker ship, RSV Nuyina, purchased for $528 million by Australian taxpayers, has not completed any scientific research voyages since its launch.

A Department of Finance report raised concerns about the lack of time allocated for marine science on the RSV Nuyina and questioned whether one vessel was sufficient for its intended purpose. [ more ]

The UK's nuclear industry receives a 200m investment package.

Concerns about defense spending and national security are raised by ministers. [ more ]

$38.3m allocated to improve safety on 17 key roads, estimated to save 385 lives in 20 years.

Initiative includes new junctions, signage, pedestrian crossings, and cycle lanes to enhance road safety and reduce accidents. [ more ]

President Biden announced an $8.5 billion federal grant to Intel for advanced computer chips, mirroring historical industrial policy efforts.

Concerns exist that this investment might be the peak of efforts due to lack of follow-on programs and reduced funding for research and training. [ more ]

Labour is being urged to increase its investment in publicly owned renewable energy to save consumers money on their bills.

Common Wealth thinktank believes that a step-change in government backing for clean energy generation is still necessary. [ more ]

The UK government is investing £45 million ($57 million) in quantum computing to develop practical uses and create a 'quantum-enabled economy' by 2033.

£30 million ($38 million) will be used to develop advanced quantum computers, while £15 million ($19 million) will go to the Quantum Catalyst Fund to support quantum computing projects solving practical problems in the public sector. [ more ]

European tech investment in 2023 decreased by 55% compared to 2021

UK tech companies are choosing the US over the UK for their IPOs

Estonia leads in the density of billion-dollar companies per million inhabitants [ more ]

More than four million Tube journeys were made in a day for the first time in four years.

Transport for London is seeking government funding to renew the Tube and prioritize new trains for the Piccadilly and Bakerloo lines.

There are concerns that the 36-train Bakerloo line fleet may not be replaced for another decade, leading to potential failures on the line. [ more ]