The UK government has pledged more than £370mn to support tech investment in a bid to make the country a "science and technology superpower" by 2030.
IN BRIEF:
- The plan includes a £250 million investment pot to back startups in AI, quantum technologies and engineering biology.
- An additional £10 million earmarked for the UK Innovation and Science Seed Fund and up to £50 million for co-investments.
- Many in the UK's tech community have welcomed the increased investment in science and tech, which follows similar plans set up by other European countries.
What does this mean?
The framework also mentions plans to set up a “supercomputer facility” to work on groundbreaking technologies like nuclear fusion and AI, and plans to create “hundreds of new PhDs for AI researchers”.
