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

In his speech, Mr Osborne set out seven further areas where the government thinks Britain is a world leader and can and must go further: computing, synthetic biology, regenerative medicine, agricultural science, energy storage, robotics and advanced materials including nanotechnology.

BBC: Space spending to be increased by ?60m a year