PRESS RELEASE – Big boost for British tech

Kamall cheers big boost for British tech

London MEP Syed Kamall today gave an enthusiastic welcome to the Government’s announcement of a multi-billion pound investment in the tech industry.Dr Kamall said: “Tech is a sector where London and the UK excel and where there are huge opportunities for growth, innovation and start-ups.”

He spoke as guests at a Downing Street event to mark London Tech Week were due to hear the announcement of £2.3 billion of private investment and 1,600 new jobs.

The Prime Minister will host a number of cutting-edge companies for a roundtable meeting – showcasing Britain as the best place in the world to run a tech company.

The Government is also to launch a £2.5 billion Patient Capital Fund to help promising UK companies go global and will create a new ‘Start-Up’ visa to bring business founders to the UK.

Dr Kamall, co-leader of the European Conservatives and Reformists Group in the European Parliament, is widely seen as a champion for the tech sector and sits on the Brexit Advisory Board of Tech UK.
He said: “Brexit is a huge opportunity to build on our excellent track record in tech and to continue to be global tech hub.”
“The right talent, the right investment and the right regulatory framework are key elements to creating the right climate for growth.”
“With our truly brilliant research centres, our enterprising spirit and openness to the best global talent, London and the UK will continue to be an attractive global tech hub, a ‘Silicon island’ to challenge America’s Silicon Valley.”
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