During the Autumn Budget 2018, Chancellor of the Exchequer Philip Hammond said that this government must “prepare our nation for the technological change ahead”.
The government has committed to technology by investing £1.6bn into advanced projects that focus on modern industrial strategy, nuclear fusion, and quantum computing.
“The great winner of the technological revolution”
Mr Hammond has set out plans that he hopes will make Britain “one of the great winners of the technological revolution.”
£200m has been allocated to pilot “innovative approaches in deploying full-fibre internet in rural locations” and £150m of funding has been released for technology fellowships to attract “overseas tech talent to our shores”.
The Budget red book states that:
“To attract, retain and develop world-leading research talent, the government will invest up to £50m in new Turing AI Fellowships to bring the best global researchers in AI to the UK, and £100m in an international fellowship scheme.”
Research and Development
Research and development into new technologies are also high on the government’s agenda as the government plans to increase the Industrial Strategy Challenge Fund by £1.1bn, “supporting technologies of the future”.
£121m will be spent “to support the transformation of manufacturing through digitally enabled technologies, such as the internet of things [IoT] and virtual reality”.
Spotlight on: IT Procurement
We have recently released our Spotlight on IT Procurement for 2018. This up to date document will give you an insight into:
- What new technology means for the public sector
- Outsourcing trends
- IT Frameworks
- How to find and win IT tender opportunities
If you want to find IT procurement opportunities with the public sector, the Spotlight on IT Procurement is a must-read. As there are no signs of slowing down in this area, this report will help you get up to speed with the latest news and developments.
To download your copy, click here.