Written question asked by Julian Knight (Independent (affiliation)) on Tuesday, 2 May 2023, in the House of Commons. It was due for an answer on Tuesday, 9 May 2023. It was answered by Nigel Huddleston (Conservative) on Monday, 15 May 2023 on behalf of the Department for Business and Trade.

Trade Promotion: Technology

Question: To ask the Secretary of State for Business and Trade, what steps the Government is taking to promote the UK tech sector to American investors.

Answer: The Department for Business and Trade promotes UK tech to American investors via dedicated officials resource in country, cultivating relationships with U.S. investors, such as, Google, In-Q-Tel and IBM, to promote UK tech start-ups, and facilitate introductions between UK founders and American VCs. We collaborated with the British Venture Capital Association, taking UK VCs across the U.S. to promote UK tech sectors and secure additional U.S. investment. We have established working groups to encourage U.S. investor entry into UK tech markets, stimulating collaboration, and the migration of skills and talent across several tech disciplines to the UK.

Secondary information