Theresa May pledges £40 million in United Kingdom tech initiatives

Theresa May pledges £40 million in United Kingdom tech initiatives

Theresa May pledges £40 million in United Kingdom tech initiatives

The offerings on the table include: A doubling from 1,000 to 2,000 in the number of visas available to high-talent individuals across the globe, with the promise of an investigation into how companies outside London can take advantage of this talent pool; £21 million to expand Tech City, the area of East London home to numerous UK's top technology companies, into Tech Nation with Belfast, Cardiff, Edinburgh, and Birmingham to benefit from a claimed 40,000 entrepreneur across 4,000 startups; £20 million for public services looking to take advantage of 'innovative technologies,' including artificial intelligence; a £20 million training programme for 14-18 year olds to 'test their skills against simulated online cyber threats;' and a £2 million voucher scheme to boost broadband connectivity in Aberdeenshire, Bristol, Bath, North East Somerset, Coventry, Warwickshire, and West Yorkshire.

Officials will look at ways to ensure that new migrants at the cutting edge in digital technology, sciences or the arts come to the United Kingdom, with the aim of spreading talent around the country. She has also set aside £20 million for a training programme that will encourage thousands of teenagers to get involved in cyber security.

"It is absolutely right that this dynamic sector, which makes such an huge contribution to our economic life and to our society, has the full backing of Government".

Chancellor Phillip Hammond added: "Britain is a world leader in digital innovation with some of the brightest and best tech firms operating in this country. That means Government doing all it can to secure a strong future for our thriving tech sector and ensure people in all corners of our nation share in the benefits of its success". The Department for Digital, Culture, Media and Sport (DCMS) is also launching a £2 million pilot voucher scheme in Aberdeenshire; Bristol/Bath and North East Somerset; Coventry and Warwickshire; and West Yorkshire - to pay for full-fibre gigabit broadband connections in those areas.

"Under the Tech Nation banner, this country that has brought so much innovation to the world and leads in sub-sectors such as fintech, cyber security, artificial intelligence, robotics and life sciences, will build a national network of digital excellence so that the United Kingdom will continue to be recognised as one of the best places in the world to start or grow a digital tech business".

Tech City UK chairwoman Eileen Burbidge said: "We are delighted to hear that the Government wants to increase Tech City UK's funding for the next four years".

"We can not ignore the fact that our digital and tech economy can not survive on home-grown talent alone and is substantially boosted by exceptional foreign individuals who have chosen to build their businesses in the UK".

The government is pledging a multi-million pound package of funding, support, training and visas to aid the growth of the United Kingdom tech sector.