Teresa May is banking on the IT sector to draw attention away from interest rate rises and help ensure Britain remains an economical powerhouse post-Brexit.
A major investment package has been announced in the run-up to the budget which the Prime Minister expects will help solidify Britain’s position as a global IT force.
£21 million is being pledged to build upon the success of the localised Tech City UK programme by creating the countrywide Tech Nation. A £20 million fund is also being made available to help public services take advantage of technological innovations such as Artificial Intelligence. The final major investment is a training programme aimed at encouraging young people to develop cyber security skills – also costing £20 million. The number of visa issued to exceptionally talented digital professionals will also double to 2000 as the government seeks to attract the brightest tech minds to the UK.
“As we prepare to leave the European Union, I am clear that Britain will remain open for business. That means Government doing all it can to secure a strong future for our thriving tech sector and ensure people in all corners of our nation share in the benefits of its success. Technology is at the heart of our modern Industrial Strategy, and we will continue to invest in the best new innovations and ideas, in the brightest and best talent, and in revolutionary digital infrastructure,” says Teresa May.