The UK government is set to pump £30m into five new research and development competitions.

The investment, from quango, the Technology Strategy Board, will be used to fund five new research and development competitions designed to accelerate the development of new technologies in a wide range of areas and including: the reduction of carbon emissions produced by buildings, help for ensuring an ageing population can remain independent for longer and improvements to the development of smart grids.

Chief executive of the Technology Strategy Board, Iain Gray said: "Our programme of investment in innovative technology is already paying dividends for the UK, with many of the companies that we have supported moving through the innovation process and making ready to take their new products to market. "This spring's investments will build on our ongoing programme of support for UK business in a wide range of technology areas and business sectors across the UK."

The five competitions are: Building Performance Evaluation, Design for Future Climate, Nuclear Power Technology, Economic and Business Modelling & Social and Behavioural Studies, Smart Meters and Smart Grids.