Universities: Technology
(asked on 11th October 2024) - View Source
Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, what steps he plans to take to support the development of tech clusters for specialist universities.
Answered by
Feryal Clark
Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)
The UK tech ecosystem achieved a record combined market valuation of $1.08 trillion in 2023. Supporting its continued development across the UK is a priority for my department, and vital to this government’s mission to kickstart economic growth.
As set out in the industrial strategy consultation, the UK has world-leading innovation and tech clusters across the country. This includes aviation technology around Cranfield, with Cranfield University acting as a magnet for talent and investment and anchor institution for its local innovation ecosystem.
Through the industrial strategy, we will explore how best to continue supporting high-potential clusters across the UK through R&D investment.