Theresa May pledges £40 million in United Kingdom tech initiatives

UK Government

UK Government

"This will ensure we continue to be at the forefront of digital innovation, developing tech talent and attracting worldwide investment". Alongside this, the Home Secretary will meet with technology experts to seek their input on making sure our visa processes are as efficient as possible. May has pledged to invest some £21 million to expand Tech City UK.

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.

A £21m project has been unveiled by the government to create a new national network of regional tech hubs across the country.

Additionally, the Prime Minister and Chancellor have also announced a new £20m fund to enable public services to take advantage of United Kingdom expertise in technologies such as AI. 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.

The announcement is being framed as a reaffirmation of the current government's commitment to the industry, and comes at a time when the Brexit debate has become mired in a parliamentary struggle over who should get a final say over Britain's exit terms from the European Union.

According to reports, the digital sector in the country has voiced concerns that Brexit, and in particular the ending of free movement, could threaten London's status as the leading European destination for tech start-ups and investment by major Internet groups.

And there are just days left for students to apply for a new apprenticeship and university bursary worth £4,000 a year, being offered by the National Cyber Security Centre as part of Government's investment in the next generation of cyber security specialists, digital entrepreneurs and tech innovators.

"This new funding is an important part of our plans to make the United Kingdom the best place in the world to start and grow a digital business, with the benefits spread right across the country", Matt Hancock, digital minister, said.

"Tech City UK has been an excellent advocate for the tech sector, understanding the needs of startups and scaling businesses and representing this coherently to government", Samir Desai, co-founder of Funding Circle, said.

"Our digital tech sector is one of the UK's fastest-growing industries, and is supporting talent, boosting productivity, and creating hundreds of thousands of good, high-skilled jobs up and down the country", Mrs May Said.

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