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1.185 The government will also provide further strategic science and innovationinvestments to make the UK a global leader in emerging markets and technologies,drawing on and supporting the UK’s existing world-class research base. The government willcommit:••£138 million of funding towards the UK Collaboratorium for Research inInfrastructure and Cities (UKCRIC), subject to a satisfactory business case and theprovision of substantial co-funding. The UKCRIC will apply research to ensure that the UK’sinfrastructure is resilient and responsive to environmental and economic impacts. It willhave hubs in London, and further centres initially in Birmingham, Newcastle, Sheffield andSouthampton••£100 million for Research and Development into Intelligent Mobility, which willfocus on enhancing the development of driverless car technology and the systems requiredto implement and adopt the technology, such as telecommunications••£40 million for demonstrator programmes, business incubator space and aresearch hub to develop applications for Internet of Things technologies inhealthcare and social care, and Smart Cities1.186 Smart City technology could prove transformative, as well as providing significantopportunities for supporting jobs and growth. To ensure that the UK can take advantage ofthis technology local areas will need to be empowered to make decisions, and collaborationswill need to be built between cities, universities and business. The government will supporta competition to fund a Smart Cities demonstrator as part of the Internet of Thingsprogramme to trial and showcase these new technologies.1.187 Budget 2015 confirms that the government will invest a further £100 millionin cutting-edge research projects through the current UK Research PartnershipInvestment Fund round. The Higher Education Funding Council for England received22 proposals in the latest competition round from areas ranging from advanced steel researchto compound semi-conductor technology and tissue repair. The successful projects will leverageover £350 million of private sector investment and are being led by universities from acrossthe UK.1.188 The government will also provide the UK’s world-leading Research Instituteswith greater freedoms to attract the brightest minds, re-invest commercial income, anddevelop cutting-edge technology.1.189 The government would like to ensure that academics and researchers are appropriatelyrewarded when they contribute towards valuable intellectual property used in spin outcompanies. The government will therefore review the availability of capital gains tax(CGT) entrepreneurs’ relief on disposals by academics of shares in such companies.1.190 The government wants to ensure that regulations do not restrict the creation of valuableand innovative products, services and business models. The government will thereforeengage with business to determine where regulations inhibit innovation, includingdisruptive technologies, and develop a programme for addressing this in the nextParliament.1.191 The government announced in February 2015 the launch of a £10 million ultra-lowemission vehicle (ULEV) battery prize, which will see a UK-based collaboration of manufacturersand researchers develop a new commercially viable battery pack for ULEVS. The winner will beannounced in summer 2015.50 Budget 2015