Now we have a government whose number one mission is economic growth, with tech and AI at its core, the opportunities for rebuilding our nation’s economic trajectory are strong.
The hard truth is that UK economic growth has remained woeful since the 2008 global financial crisis, impeded by austerity, and since then a combination of Brexit, COVID-19, Russian aggression and the market turmoil of Liz Truss’s September 2022 mini-budget.
The front row of tech titans at the Trump inauguration was, among many other things, a sign of US technological supremacy – one of the key factors powering its economic growth.
We have helped to attract £6 billion of growth investment in science, technology, engineering, maths, medicine and media (STEM) industries; created over 13,000 jobs; produced more spinout start-ups than anywhere else in the UK and increased opportunities in our community.
This approach has seen significant investment into the long-cycle industries of the future: life sciences, climate tech, cyber security, AI, fintech, the creative industries, digital, defence tech, TV and film.
