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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Tuesday, 14 July 2026, in the House of Lords. It was due for an answer on Tuesday, 28 July 2026. It was answered by Baroness Lloyd of Effra (Labour) on Monday, 20 July 2026 on behalf of the Department for Science, Innovation and Technology.

Technology: Artificial Intelligence and Cybersecurity

Question

To ask His Majesty's Government what assessment they have made of the contribution of investment by artificial intelligence and cyber security companies to the UK technology sector.

Answer

The AI and cyber-security sectors make up core parts of the UK’s growing technology sector as set out in the Modern Industrial Strategy digital and technologies sector plan. The UK AI sector alone contributed £11.8 billion in Gross Value Added to the UK economy in 2024, supporting more than 86,000 jobs. We have seen large recent investments in the UK from leading firms, including AMD's £2 billion commitment. In total, over £90 billion of capital investment has been pledged to be spent in the UK's AI sector since this Government came to power.

The Government’s Cyber Security Sectoral Analysis 2026 shows the UK cyber security sector is worth £14.7 billion and contributed £9.1 billion in GVA to the UK economy in 2025. The analysis found that UK dedicated cyber security firms raised £184 million of investment across 47 deals in 2025. Notable fundraisings in 2025 include Inforcer, which raised £26 million; Maze with £18.4 million and Optalysys with £23 million.

Secondary information

Type
Written question
Reference
HL2109
Session
2026-27
Subjects
Companies Investment Technology Artificial intelligence Cybersecurity
Link
View this Written question on www.parliament.uk