The government is to promote the UK’s pioneering technology sector abroad in a bid to attract foreign investors.
Culture secretary Karen Bradley is expected to set out the government’s commitment to developing the UK’s digital economy – worth more than £118bn a year and credited with employing over 1.4million people – during a visit to Finland and Sweden this week.
Additionally, Matt Hancock, Minister of State for Digital, will also be leading a trade mission for UK cybersecurity firms to Singapore in an attempt to deepen ties and build new trade connections in the country.
Throughout their visits, Hancock and Bradley will highlight that the UK remains a strong place for investment with particular strengths across the technology industry including AI, GovTech, gaming and cybersecurity.
Speaking about the state of the UK’s technology industry, Bradley said: “Britain has become an undisputed European hub for tech investment, with twice as much investment in tech as any other European country, and plans set out in our recent Digital Strategy will help make sure this continues.
“I’ll be in Finland and Sweden to showcase and promote the UK’s booming digital economy and outline how deeper collaboration with our world-leading companies can benefit both regions.”
Hancock went on to note the country’s leading position in the world#’s cybersecurity industry.
“The UK is a world leader in cybersecurity and our industry is thriving with exports worth nearly £1.5bn last year. I’m determined to help the next generation of firms grow as we build a truly global Britain and hope to make real progress by leading a delegation including some of the nation’s most innovative businesses,” concluded Hancock.