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Chancellor Philip Hammond promises £220 million investment in UK tech sector

From IT Pro

"Chancellor Philip Hammond outlined plans to devolve £220 million in support of tech innovation during a speech at the Conservative Party Conference in Birmingham.

After praising Britain's creativity and innovation, he said the UK government must 'carefully maintain the conditions that have brought this activity to Britain in the first place. Including the ability to attract the brightest and best to work here in our high-tech industries' (transcript from

Out of this £220 million, Hammond said £100 million would be spent to extend the biomedical catalyst, hence funding innovative UK life science companies and innovative medical technologies.

Supporting emerging healthcare technologies could lead to advancements in disease prevention, earlier diagnoses and further specific treatments, the government believes.”

Read more at IT Pro

NCC Weekly News Update 4 October 2016 



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