Question to the Department for Business, Innovation, Science and Trade:

To ask His Majesty's Government what steps they are taking to support the growth of start-ups developing artificial intelligence and financial technology.

The UK is one of the best places in the world to start and grow an AI company: in 2025 we produced the second most AI start-ups globally and attracted the third highest levels of AI private investment. The financial services sector is adopting AI faster than the economy as a whole; 21% of firms, against 16% across all sectors. Through our Sovereign AI Fund, backed by up to £500 million, we invest directly in high-potential British start-ups, give them access to compute through the AI Research Resource, and provide grants through Innovate UK's £130 million Growth Catalyst.