The Digital Strategy sets out this vision and the actions required to deliver it. The UK will be the best place in the world to start and grow a technology business. The success and wealth created by investors and founders of digital business is a national success, to be applauded, encouraged and emulated – not criticised. The UK should always enthusiastically celebrate the success of our digital businesses and champion our global leadership in areas such as fintech. And our global network of partners and allies provide the foundation to act as a force for digital good on the world stage.Īs the UK’s Minister for Tech and the Digital Economy I want us to go further and to go faster. In emerging fields such as artificial intelligence ( AI), advanced semiconductor design and quantum computing, the UK is a world leader. These are not just impressive figures they represent thousands of high-skilled, high-paid new jobs right across the UK. We saw more private capital flow into UK tech last year than any other European country – £27.4 billion – around double the level of second-placed Germany, and more than triple the level of France in third place. We already have comfortably more tech unicorns than any other European country – more than France, and Germany combined – and in 2021 a new UK unicorn was minted every 11 and a half days, based on data from company tracking business Dealroom. UK universities lead the world in fundamental and applied science. Critical building blocks of the digital economy, from super-fast internet access across the UK to cyber security capabilities are already in place or being built. That is why the UK must strengthen its position as a Global Science and Tech Superpower - and why the government is taking steps to achieve it. The UK’s economic future, jobs, wage levels, prosperity, national security, cost of living, productivity, ability to compete globally and our geo-political standing in the world are all reliant on continued and growing success in digital technology. Digital technology has transformed our lives and will continue to do so.
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