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Vince cable: "I'm not going to say that all these cuts will be easy and many people will feel the consequences" photo: REUTERS

Companies receive less than 150 m from ￡ in government funding to help them ready access and investment capital for the next four years, the Chancellor announced.

"Additional" funds will ensure the small lighthouse enterprises, called enterprise finance guaranteed loan guarantee scheme, will continue for four years.

Additional funds will be available in "small businesses with growth potential", said the Treasury Board.This may signal more financing working capital business plan or even possible participation of the public on proposed ￡ 1. 5bn high street Bank Fund business growth.

The Government has also increased its planned Regional Growth Fund (Rwanda) of ￡ ￡ 1 billion making .the ' money will be available for bidding the soon be established local business partnerships to finance economic development projects local.Il replaces ￡ 2 taking annual funding for eight English regional development agencies located outside London.

The Treasury said it would also be "reform the way he delivers European development regional funding" in England, "linking as possible with regional maximize impact growth fund."

Vince Cable, the Secretary of the company will be also up to 200 m ￡ per year 2014 to fund an "elite network of research centers and development intensive technology and innovation", based on Fraunhofer institutes the Germany.

Affairs Department confirmed the closure of train ￡ billion gain workplace training program but said that a diet of small and medium-sized enterprises alternative would be created in its place.

He also ring-fenced budget science. 6bn ￡ 4 for efficiency gains are made, spending remains flat ahead of inflation.

David Willetts, Minister of science, said health "remain" stable research in real terms during the next four years, helped by additional funding from the Department of Defense Research santé.Dépenses would however, see "a modest decline", cuts in the budget of the Ministry of defence.

Mr. said Willetts clean technology fund was discussed at Cabinet meeting ahead of the budget, with agreement that he should remain a priority.

However, the 150 m higher education innovation fund ￡, which aims to stimulate the transfer of knowledge between universities and businesses should be overhauled.

Mr. Semipalmated Knights would not pull if the Treasury Board could not make changes to the research and development, such as tax credits recommended by Sir James Dyson.

He said he was "big fan" of the technology strategy Board, suggesting the agency that distributes funding to encourage the commercialization of scientific research project will continue to play an important role.

The Department for Global Affairs has cut its 25pc, consisting of a 40pc of saving changes in pedagogical university funding budget and economy mean 16pc in other areas such as business support.

Secretary of the company, Vince Cable, said: "I'm not going to say that all these cuts will be easy and many people will feel the consequences, without action, each of afford us for years to come, prix.Ces decisions were difficult but they are necessary."

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