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However, he warned against focussing disproportionately on the eight areas of excellence outlined by the Chancellor in November ("big data" computing, synthetic biology, regenerative medicine, agricultural science, energy storage, space, robotics and advanced materials including nanotechnology).
BBC: Autumn Statement: Science gets ?600m injection
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There may be hope on the horizon with the help of technologies that are changing our lives through connected appliances, big data applications, innovative uses of smart phones and great advances in agricultural biotechnology.
FORBES: Drought, Food Shortage Cast Spotlight on Ag Innovation Showcase
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You might not think that a 91-year old agricultural cooperative known for its butter and dairy products would be a pioneer in the use of Big Data, but it is.
FORBES: Reinventing America: The Transformational Power of Technology