The Technology Strategy Board Order 2007

1.—(1) The Board is established and incorporated for purposes connected with research into, and the development and exploitation of, science, technology and new ideas, with the aim of increasing economic growth and improving quality of life in Our United Kingdom. In fulfilling these purposes it is to have particular regard to the benefits to be gained by those engaging in business activities in Our United Kingdom.

(2) For these purposes, the Board may, in particular—

(a) promote and support research into, and the development and exploitation of, science, technology and new ideas, by those engaged in business activities;

(b) promote and support the use of, and investment in, science, technology and new ideas, by those engaged in business activities;

(c) collect and disseminate knowledge about the use of, and investment in, science, technology and new ideas;

(d) contribute to building public confidence in, and understanding of, research into, and the development and exploitation of, science, technology and new ideas; and

(e) advise Government on strategies for, and respond to questions posed by Government about, the use of, and investment in, science, technology and new ideas, by those engaged in business activities.