Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps she is taking to help (a) support the growth and (b) increase the number of high-value tech companies based in the UK.

The Science and Technology framework (updated February 2024) outlines the Government’s actions to ensure the UK becomes a Science and Technology Superpower by 2030, including addressing access to finance and skills.

The Department supports access to talent through programmes such as the Global Talent Network attracting overseas skills, and via the British Business Bank (100% Government owned) running multiple programmes e.g. Future Fund Breakthrough a £425 million direct equity investment programme.

The Department also provides support for attracting tech companies to the UK, including the Global Entrepreneurs programme (which supports tech companies to bring their global HQs to the UK).