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Technology

Answer

DSIT’s mission is to secure the UK’s status as a world-leading science and technology superpower by 2030; with communities in every corner of the country benefitting from the bold new discoveries, strong economic growth and high-skilled, high-paid jobs this will unlock.

We are building from a position of strength. The UK was the third country in the world to build a $1 trillion tech sector, in addition to having the largest tech ecosystem in Europe, and creating 152 unicorns since 2000 (as of 23rd January 2024). In 2023, UK tech companies raised $21.3bn of investment, more than France ($9.2bn) and Germany ($8.2bn) combined.

However, we cannot rest on our laurels. That is why in January, the Secretary of State announced the new Scaleup Forum which will bring together a group of established founders and bold investors to advise the Government on what it can do unlock the growth potential of British scale-ups and ensure that the scalable businesses of today can become the tech giants of tomorrow.

Secondary information

Type

Written question

Reference

901506

Session

2023-24

Question not reached

Yes

Subjects

Employment Economic growth Technology

Link

View this Written question on www.parliament.uk