Government launches UK Digital Strategy
The Department for Culture, Media and Sport has launched its Digital Strategy, which sets out plans to make the UK a favourable location to start and grow digital businesses. The strategy involves close partnerships between Government, businesses and charities, with a particular focus on delivering digital skills and coding training.
The Government has also stated that it intends to create international technology hubs in emerging markets, based upon the success of the existing UK-Israel Tech Hub. These hubs are designed to promote links between UK companies and local tech firms
Secretary of State for Culture, Media and Sport Karen Bradley also announced a new competition to support development of new FinTech products to help those who struggle to access financial services and provide consumers with the tools they need to manage their finances. The UK’s FinTech sector was worth more than £6.6bn in 2015.
Gerard Grech, Tech City UK’s chief executive, welcomed the announcement: "The UK's tech sector is rapidly becoming a global force to reckon with, but we must ensure that we stay ahead by continuing to provide a supportive environment for British start-ups and digital companies to grow in, especially since other countries are trying to take advantage of our departure from the European Union."
The Government has also commissioned independent reviews into the robotics, virtual reality and artificial intelligence sectors to analyse how best to promote talent and investments in these areas.