×

Warning

JUser: :_load: Unable to load user with ID: 138166

Chancellor recognises that a Match-fit Britain will be a Tech-fit Britain

Commenting on the Chancellor's Autumn Statement, Charlotte Holloway, Policy Director at techUK, stated:

“A Match-fit Britain must be a Tech-fit Britain, and today the Chancellor gives UK tech a series of welcome announcements. The Chancellor’s focus on backing tech and unleashing a new wave of productivity is exactly the vision needed for an uncertain period ahead.

“Investment in innovation is absolutely critical for driving tech-led growth and productivity, and it’s great to see the £2bn extra investment in R&D for new technologies by 2021 and a £23bn National Productivity Investment Fund to give a focal point to the level of the UK’s national ambition. Similarly, £1bn to boost the UK’s leadership in 5G and fibre networks can help ensure the UK connectivity credentials shift from good to great, aided by a welcome rates relief for new fibre network rollout.

“Government has rightly taken action to mediate uncertainty arising on the European Investment Fund for start-ups and venture capital, by allocating £400m into British Business Bank specifically for UK scaling tech companies.

“Building on the UK’s competitive edge in science and tech, plans to invest £100m to develop autonomous vehicles, as well as greater support for UK fintech abroad, will help play to UK strengths and reputation internationally.

“However, there was a real gap when it came to additional support for boosting the UK’s digital skills. Similarly, there was a missed opportunity to ensure that the benefits of digital are at the heart of the Government’s devolution ambitions. We will be looking to the Government to reconsider these areas in the next Budget.”

Read further content regarding the Autumn Statement:

>> What tech companies need to know: Autumn Statement

>> Focus on IoT and smart infrastructure in Autumn Statement

>> Digital infrastructure investment at the forefront of Chancellor's intentions

>> Fintech Features Prominently in the Chancellor’s Autumn Statement

>> What the Autumn Statement means for Local Digital Government

>> What techUK called for in the Autumn Statement

>> techUK Deputy CEO Antony Walker's vision for a new industrial strategy


  • Alice Jackson

    Alice Jackson

    Associate Director | Communications
    T 020 7331 2163

Share this

FROM SOCIAL MEDIA

The winner is...Team CSI London! The judges were hugely impressed by their creative presentation on their high qual… https://t.co/hnmMoAqOfZ
Last but not least we have Team Law and Order, they're putting the citizen at the centre by designing a solution to… https://t.co/Ytpr4E0PvD
If we really understood the true value of data, and treated it like an asset, how would it change the way we manage… https://t.co/GZsImaR6CS
Guest Blog: Ransomware: The Fastest Growing Cyber Threat in the UK by Jason Steer at Recorded Future as part of our… https://t.co/hp23M6pD0Y
Our penultimate #TechConnect group is XGOV who are focussing on drawing together government research into a data la… https://t.co/kylusGRjMX
Read @techUK’s review of the European Commission’s Strategy for Data : https://t.co/O0cN6RmhAV
Focussing on active travel planning and influencing car commuters to reduce their NO2 footprint, Team NO2Pollution… https://t.co/o8bvH1N3z6
Become a Member
×

Become a techUK Member

By becoming a techUK member we will help you grow through:

Click here to learn more...