Artificial Intelligence: New Businesses
(asked on 1st May 2025) - View Source
Question to the Department for Science, Innovation & Technology:
To ask His Majesty's Government what steps they are taking to ensure that artificial intelligence start-up firms founded in the United Kingdom remain based here as they scale their businesses.
Answered by
Lord Vallance of Balham
Minister of State (Department for Science, Innovation and Technology)
The Government is committed to supporting the digital economy, removing barriers to inclusive economic growth, and ensuring that the UK remains one of the best places in the world for our great tech businesses to start, scale and stay.
Programmes such as the SEIS/EIS schemes and R&D Tax Credits demonstrate the UK’s commitment to supporting tech companies in thriving in the UK.
The AI Action Plan sets out our intention to support the growth ambitions of businesses across the AI sector. Initiatives include opening the AI Research Resource to a wider pool of SMEs to drive forward new AI-enabled innovations, fostering national champions within the UK startup ecosystem, and unlocking data assets for startups to access.