£300m for tech aimed at elderly

The government is to inject more than £300 million in developing the technologies needed to support an ageing population.

With ten million Britons currently alive expected reach the age of 100, ministers say they need to “revolutionise” the way people get older, ensuring they remain healthy and independent. Under the plans set out by Business Secretary Greg Clarke, a £210 million competitive fund will be established to invest in innovative new diagnostic tools, medical products and treatments.