The government has announced plans to fund a £42m Alan Turing Institute that will focus on big data and algorithm research as part of the 2014 budget announcement.
Chancellor George Osborne said the new centre was vital to help ensure the UK became a world leader in these areas of IT innovation, adding that it would be a fitting tribute to Turing to ensure his legacy was remembered in this way.
"In my maiden speech here in this House I spoke of Alan Turing, the codebreaker who lived in my constituency, who did more than almost any other single person to win the war, and who was persecuted for his sexuality by the country he helped save. I am delighted that he has finally received a posthumous Royal Pardon.
"Now, in his honour, we will found the Alan Turing Institute to ensure Britain leads the way again in the use of big data and algorithm research. I am determined that our country is going to out-compete, outsmart and outdo the rest of the world."
The Department for Business, Innovation and Skills (BIS) confirmed in a message on Twitter that £42m would be put into the centre.
£42m in #Budget2014 to create Alan Turing Institute specialising in world-class data science— Dept for Business (@bisgovuk) March 19, 2014
The location of the centre has yet to be decided, BIS confirmed on Twitter.
Another key budget announcement included plans for £74m of funding towards major areas of potential growth: cell therapy technology and finding ways to exploit the commercial uses of graphene.
"We will establish new centres for doctoral training, for cell therapy and for graphene – a great British discovery that we should break the habit of a lifetime with and commercially develop in Britain," Osborne said.
The government is no doubt hoping its investment in these areas will lead to strong long-term gains for the economy.
Earlier in March funding of £290m for investment in major science projects ranging from space exploration to neutron microscopes was announced, while another £45m for Internet of Things research was announced at CeBIT.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago