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New £60m fund to make more British kids' TV

The government is giving commercial broadcasters including Channel 4 and ITV an extra £60m to compete with BBC children’s programmes. The money is to be spent over three years and will be used to encourage more home-grown programmes. Teletubbies creator Anne Wood, said the funding had come at the right time, adding: “We desperately need more support.” The £60m pot will come from the 2010 licence fee settlement. Culture Secretary Karen Bradley said it would give the children’s TV sector “the boost it needs to create innovative content for a…

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Ultra-fast £190m broadband fund up for grabs

The government says it will distribute £190m of funding to help the roll-out of ultra-fast broadband across the UK. Public bodies will now be able to apply for a share of the money, which is part of a £1bn fund first announced in 2016. The aim is to offer speeds of up to 1Gbps to households and businesses with “full fibre” broadband. However, critics have said the fund is a “drop in the ocean” compared with what it might cost to make full fibre the norm across the country. Full…

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News: Saudi Public Investment Fund takes $1bn stake in Virgin Galactic

The Public Investment Fund of Saudi Arabia and Virgin Group have signed a non-binding memorandum of understanding for a partnership under which PIF intends to invest approximately $ 1 billion into Virgin Galactic, The Spaceship Company and Virgin Orbit. PIF will also take an option for $ 480 million of future additional investment in space services. The intention to invest was agreed by crown prince Mohammad bin Salman Al-Saud, chairman of the Council of Economic and Development Affairs and of the PIF, and Richard Branson, founder of Virgin Group. The…

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NHS agrees to fund 'life-changing' drug for seven-year-old

NHS England has agreed to fund a drug costing about £100 a day for a seven-year-old boy whose condition could cause brain damage, after being told by a judge to reconsider his case. The child, “S”, has a rare condition that means he cannot break down an amino acid, and his autism makes controlling his diet difficult. NHS England previously said the drug’s effectiveness had not been established. The boy’s parents said they were now looking forward to a brighter future. “S” has phenylketonuria or PKU, and his parents wanted…

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Firm sets up breast surgery damages fund

Private healthcare firm agrees to pay £27.2m into fund to compensate victims of rogue breast surgeon Ian Paterson This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. If you want to receive Breaking News alerts via email, or on a smartphone or tablet via the BBC News App then details on how to do so are available on this help page. You can also follow @BBCBreaking on Twitter to get the latest alerts. Let’s block ads! (Why?)…

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News: Caribbean Tourism Organisation launches Irma relief fund

The Caribbean Tourism Organisation has activated a relief fund to help families and countries rebuild after hurricanes, particularly in the wake of the massive category five Hurricane Irma, which has impacted a number of member countries. All of the money raised through the fund will be sent directly to CTO-member destinations affected by the catastrophic storm, which hit some countries with winds up to 185 mph. ADVERTISEMENT “The damage caused by the force of Hurricane Irma is an important example of why we must do whatever is possible to provide…

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