UK government to make series of investments supporting startups, emerging technologies and fast broadband

Briefing

UK government to make series of investments supporting startups, emerging technologies and fast broadband

December 8, 2016

Briefing

  • Venture investment in startups – Chancellor Phillip Hammond promised £400 million to small innovative businesses as additional funding to ensure they remain and grow in Britain
  • Driverless cars and connected railways – Announced £390 million investment in future transport technology, including £100 million for testing driverless vehicles and £450 million to digitize railways
  • Research and development – Finances extra £2 billion per year for research and development (R&D) such as robotics and artificial intelligence by 2021
  • Productivity investment fund – Setup £23 billion national productivity investment fund for housing, transport, digital communications and research sectors in five years
  • Fiber optics investment – Invest £1 billion in digital communications, including £400 million in ultrafast fiber broadband networks

Accelerator

Sector

Government (excluding military), Information Technology, Real Estate and Construction, Transportation and Logistics

Source

Original Publication Date

November 23, 2016

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