The government has unveiled its new plan to grow the economy and create more high-skilled, high wage jobs by cementing the UK as a global tech superpower, building on our position as Europe’s leading destination for starting and growing digital businesses.
Launched at the start of London Tech Week, the new UK Digital Strategy brings cross-government tech and digital policies together in one unified roadmap for ensuring digital technology, infrastructure and data drives economic growth and innovation in the coming years.
Figures show more than £12 billion in venture capital funding has been secured by UK tech startups and scaleups so far this year, which is more than the whole of 2020. It puts the UK just behind the US and ahead of China on funding secured by tech startup firms in the year to date .
Since 2017 the UK tech sector has boomed – growing over two and a half times faster than the economy as a whole.
Estimates suggest the government’s approach to supporting and strengthening the digital economy could grow the UK tech sector’s annual GVA by an additional £41.5 billion by 2025, and create a further 678,000 jobs.
Harrogate and Knaresborough MP Andrew Jones commented: “We know that we have many tech industries – small and large – in the Harrogate district. We know too that the tech sector enjoyed a significant boom during the pandemic lockdowns.