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<p>The South West Institute of Technology (IoT) will be one of 12 new IoT’s backed
by £170 million of government capital funding. Following the IoT competition, the
department’s officials are working closely with the South West IoT to ensure that
the key aspects of their proposal are converted into legally binding commitments,
and that all outstanding issues are resolved. This is an important final step in the
process and the department is keen to conclude it as soon as is practicable.</p>
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