The Chief Executive of Microsoft UK will help lead a Government study into the fight of the UK’s technical schoolnology sector, to ensure the country remains one of best places in the world to start and grow a digital business.
Cindy Rose besides held negotiation with Prime Minister Teresa May today at the launch of London technical schoolnical school Week as part of a round table involving 14 technical schoolnology companies, including Google, Amazon and Alibaba.
Their aim was to “discuss opportunities to fully harness the power of technical schoolnology to enhance fight, boost the economy and tackle social challenges”, the Government aforesaid.
Rose aforesaid the study, which will besides be led by Suzanne Ashman from LocalGlobe, Stephen Coleman from CodeBase and Avid Larizadeh Duggan from Kobalt, was critical to the future growth of the UK.
“The UK has a long and boffo history of creating and embrace new technical schoolnology and is ideally placed to capitalise on the AI chance for economic growth and social impact,” she aforesaid. “We have galore of the weather we need to succeed: a thriving start-up scene, a vibrant investment community, cloud-first government policy, a great pool of UK and global talent and an enduring spirit of innovation.
“But for the UK to be a world leader in the 4th industrial revolution, we will need to recognise and address a number of significant domestic and global challenges and lay the foundations for continuing technical schoolnology innovation in decades to come. That’s why this Review of UK Digital fight is so timely and critical to our future prosperity.”
The UK technical school sector has produced one imaginary being company each month over the past year, according to new figures from Dealroom and technical schoolnical school Nation. To date, the UK has created 72 technical school companies worth at least $1 billion – well higher than any other country in Europe – piece digital start-ups have raised a record $4.8 billion in venture capital investment in the first five months of 2019.
More than a third of Europe’s fastest-growing technical schoolnology companies are now based in United Kingdom, following $35 billion of investment in the sector between 2013 and 2018.
The Prime Minister welcomed the figures during her talk today but aforesaid there was more work to do to ensure the UK remained competitive.
“We are one of the best places in the world to start and grow a technical school business,” May aforesaid. “British technical schoolnical school is growing over one and a half times quicker than the rest of the economy, adding more than £130 billion pounds to our economy every year. But if we are going to maintain our position as a global leader, our challenge is how we develop British technical schoolnical school and make it even better. We want this to be the place everyone thinks of – and comes to – first when they want to develop their world-changing technical school ideas. This is a challenge shared between industry and Government.
“Today, as we sit on the cusp of the next great industrial revolution, we have the chance to work together and ensure that the advances we see transform our world for the better, and for the benefit of everyone. Government will back you all the way.”
During her speech at Here East in the Queen Elizabeth Olympic Park, May proclaimed a £1.2 billion investment in the UK, including £153 million from Government and £205 million from industry to develop quantum computing and speed up the creation of new drugs.
May besides proclaimed that 2,500 places will be made available on AI and information conversion courses, to equip technical schoolnology-driven businesses and people crosswise the country with the skills they need. This will include 1,000 government-funded scholarships to open up opportunities for people from all backgrounds.
London technical schoolnical school Week, of which Microsoft is a headline sponsor, is a series of events held crosswise the capital every year that celebrate UK’s technical schoolnology sector.