In a speech to the CBI yesterday, David Cameron unveiled a new £200m scheme to develop Technology and Innovation Centres in Britian over the next next four years, based on the German Fraunhofer Institutes designed to improve links between universities and business.

In his speech , David Cameron focused on the positve opportunities for Britian "We're in a world of unprecedented economic change, with millions of new consumers and countless innovations where companies are starting with less investment than ever before, yet still becoming global giants within a matter of years.This is an incredible opportunity for Britain, for new start-ups to flourish, for innovations to drive growth and create jobs."

At the annual conference for the Confederation of British Industry, a spokesman confirmed that no exact locations had been confirmed.

Richard Lambert,director-general, of the CBI said: "Having acted fast to tackle the deficit, the government must now focus on how to attract more investment to the UK if we are to create new jobs and grow the economy. The UK needs to improve in the areas that really matter, otherwise other nations will steal a march on the UK as a place to invest.