Banks: Digital Technology

(asked on 21st May 2019) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what steps, if any, they are taking to invest in digital technology hubs in the UK banking sector.


Answered by
Lord Young of Cookham Portrait
Lord Young of Cookham
This question was answered on 4th June 2019

The government is committed to ensuring the UK is one of the best places in the world to start and grow a digital business. That is why we are unlocking £20bn of finance for innovative firms over the next 10 years, and why we announced £21m to establish Tech Nation and its network of 10 regional hubs, supporting further innovation in financial services.


We also recognise the important role that digital technology hubs, such as Level 39 in Canary Wharf, have played in promoting the adoption of technology in the UK banking sector, and we are engaging with industry to explore how we can further support digital technology hubs in the UK.

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