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In addition, Research Councils are considering a possible cross' Council collaboration entitled the "Digital Economy". Key Councils are EPSRC and ESRC, although the Science and Technology Facilities Council (STFC), the Natural Environment Research Council (NERC) and the Arts and Humanities Research Council (AHRC) are also engaged. The programme will focus on the transformational ability that Information and Communications Technologies (ICT) can have on business, recognising the broad range of technical, research and social issues that need to be addressed to enable rapid delivery of new capabilities. This will include significant elements of work relative to this area. The programme will focus on industry led application areas, building multidisciplinary consortia to address grand challenges. The scale of the activity is dependent on the outcome of the current Spending Review.

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