Tech companies across the globe have backed the UK with investment of more than £1.2 billion, the Prime Minister will announce today (Monday 10 June).

Speaking at London Tech Week, the Prime Minister will make a number of ambitious commitments that will ensure the UK remains the largest tech hub in Europe.

These include:

  • £153 million government funding, with an additional £205 million pledged by industry, to unlock the potential of quantum technologies, including accelerated drug development from quantum computing
  • 2,500 places available for the first time for AI and data conversion courses starting next year, to equip tech-driven businesses and people across the country with the skills they need. This includes 1,000 government-funded scholarships to open up opportunities for people from all backgrounds
  • Launching a study into tech competitiveness to identify opportunities and support for digital businesses to ensure the UK remains the most attractive place to build a tech business. This will be led by industry: Cindy Rose from Microsoft UK, Suzanne Ashman from LocalGlobe, Stephen Coleman from CodeBase, and Avid Larizadeh Duggan from Kobalt

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Submitted on 10/06/2019