Greg has welcomed the announcement that the constituency will benefit from £4m new spending for two key projects under the Government's Getting Building Fund.
The two projects to benefit are the University of Buckingham Centre for Artificial Intelligence, Innovation and Incubation Hub which is a response to the gap in the academic application and ethical research into the use and application of Artificial Intelligence and the other project is Phase I of the Disruptive Innovation Space Centre (DISC) at Westcott.
This funding for University of Buckingham will build on the provision of an Incubation Hub (iHub) centred around the deployment of Artificial Intelligence. It would involve working closely alongside established business clusters in other fields.
The DISC project fulfils a requirement for companies entering the UK Space sector who want to access specialist equipment and facilities without the heavy cost of ownership. DISC lowers the entry barrier to market and creates a level playing field for UK-based companies who want to create new products, applications, or services. This project will provide capabilities in a new facility on the Westcott Venture Park, supporting the growth of the space cluster in Propulsion, 5G and Drones.
Greg said: “As we kickstart the economy and begin to recover from coronavirus, never has the Conservatives’ agenda to level up the whole country been so important.
“I am so proud of the innovators and high tech firms that have made their home right here in the Buckingham Constituency - and am delighted we will directly benefit from this new funding allocation from central Government – helping to build the infrastructure our community needs to support the jobs and technology of the future.
“Through important funds such as this, we can build our way back to health – with our communities stronger, more united and more connected than ever before.”
The fund was announced by Prime Minister Boris Johnson in June as part of the Conservative Government’s New Deal for Britain – an economic strategy to rebuild Britain after coronavirus by putting skills and infrastructure spending at the heart of economic recovery.
More than 300 projects, which have been determined as ‘shovel-ready, have been allocated a share of the fund. In total, the spending is expected to deliver up to 45,000 homes, create up to 85,000 jobs and reduce around 65 million kilograms of carbon dioxide emissions across England.