The UK government has said it will invest an additional £21m into Tech City UK in a bid to expand it into a nationwide network and boost the technology sector across the country.
As part of its plans, the government will also double the amount of visas available for high-skilled workers from outside the European Union following Brexit.
Additionally, the Prime Minister and Chancellor have also announced a new £20m fund to enable public services to take advantage of UK expertise in technologies such as AI.
The government also announced the launch of a £20m training program, which will challenge young people aged between 14 and 18 to test their skills against simulated online cyber threats.
Prime Minister Theresa May commented: “Our digital tech sector is one of the UK’s fastest-growing industries, and is supporting talent, boosting productivity, and creating hundreds of thousands of good, high-skilled jobs up and down the country.
“It is absolutely right that this dynamic sector, which makes such an immense contribution to our economic life and to our society, has the full backing of government.
20 scaleups join Tech Nation’s cyber security growth programme
“Helping our world-class entrepreneurs and innovators to succeed is how we lay the foundations for our prosperity and build an economy fit for the future.
“Technology is at the heart of our modern Industrial Strategy, and we will continue to invest in the best new innovations and ideas, in the brightest and best talent, and in revolutionary digital infrastructure.
“And as we prepare to leave the European Union, I am clear that Britain will remain open for business. That means government doing all it can to secure a strong future for our thriving tech sector and ensure people in all corners of our nation share in the benefits of its success.”
The Home Office is also set to explore how it can work with organisations across the UK to ensure a wider uptake of additional visas outside London.
Chancellor Phillip Hammond added: “Britain is a world leader in digital innovation with some of the brightest and best tech firms operating in this country.
“Working with us, they can provide technological fixes to public sector problems, boost productivity, and get the nation working smarter as we create an economy fit for the future,” he concluded.