June marked a milestone second for UK tech. At London Tech Week, the prime minister delivered his first main deal with backing the sector, underscoring the federal government’s ambition for Britain to guide within the international innovation race.
Bulletins adopted thick and quick – from the long-awaited Industrial Technique, to a nationwide push on expertise.
One 12 months into forming a authorities, how has Labour fared in enabling a really tech-led economic system? Right here’s a take a look at what’s been delivered – and what areas nonetheless want consideration.
Rising Tech
Grade: A – Laying the groundwork for long-term management
Quantum, semiconductors and AI are defining the following wave of world tech, and the UK has signalled it needs to be on the forefront.
The Industrial Technique set out critical commitments: £670m into quantum computing, a 10-year funding bundle for the Nationwide Quantum Computing Centre, and the institution of a Nationwide Semiconductor Centre with an preliminary £19m. Most notably, £1bn will go towards supporting deep tech startups and scaleups, alongside a brand new £500m Sovereign AI Fund to spice up homegrown AI improvement….
