Technology: New Businesses

(asked on 12th December 2025) - View Source

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, what steps she is taking to support tech start-up companies to scale up in North East Somerset and Hanham constituency.


Answered by
Kanishka Narayan Portrait
Kanishka Narayan
Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)
This question was answered on 22nd December 2025

This Government is committed to removing barriers to growth for scaleups across the UK – ensuring the UK is one of the best places for tech to start, scale and stay.

We are strengthening regional tech ecosystems through the Regional Tech Booster, a programme supporting startups and accelerating tech clusters beyond London. Furthermore, regions across the UK, including the West of England, can bid for up to £20 million via our Local Innovation Partnerships Fund (LIPF) - a new £500 million UKRI-led programme to grow regional strengths.

More broadly, we are supporting the sector through venture capital schemes, R&D tax reliefs, targeted visa routes, the AI Opportunities Action Plan and streamlining regulation to support innovation. Through the Budget, we are investing in skills, compute, and designated AI Growth Zones; on R&D, we are committing £38.6bn to UKRI over five years; and powering entrepreneurship with the Entrepreneurship Prospectus, Enterprise Fellowships, and Innovate UK’s £130m Growth Catalyst. We are unlocking finance via pension and capital‑markets reforms, while the British Business Bank increases annual investment to £2.5bn and commits £5bn to growth‑stage funds.

Together, these measures set out a comprehensive, long‑term plan backed by record funding, to support growth across the whole UK.

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