Technology

(asked on 9th November 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what steps they are taking to grow the UK's technology sector.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 23rd November 2020

The UK has one of the most vibrant and innovative technology sectors in the world, which has been highly resilient through the pandemic. This Government is fully committed to unleashing innovation and supporting priority technologies.

We are providing a wide range of support to high-tech industry, including through the Industrial Strategy Challenge Fund and a £1.25 billion coronavirus package of support for innovative firms – which includes the Future Fund – together with our major commitment to increase public R&D spending to £22 billion by 2024-25.

Furthermore, we support specific priority technologies: combined public and private investment in the National Quantum Technologies Programme over its 10 year lifetime is set to pass £1bn and the Artificial Intelligence Sector Deal represents a £1bn commitment from industry and Government.

In September, my Rt. Hon. Friend the Secretary of State for Digital, Culture, Media and Sport launched the framework UK National Data Strategy to support further action to build the UK’s position as a world-leading data economy.

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