track record of showing that state-of-the-art technology can be developed,... at relatively low cost
"At least she's only wasted £600K. So far."
Not yet. It's only been talked about. It'll be announced several more times. Maybe along the lines of £400k followed by an announcement of it being topped up by £200k. But "We're hoping to deliver the funding by 15 March 2020,". Don't plan on getting any of it.
And el Reg, if you're going to add "Re" onto a title, use different maximum title lengths for the two different variants. A little corner case to take into account. I doubt it would take £600k to sort out.