By Oliver Smith on Monday 10 June 2019
Theresa May marks the launch of London Tech Week.
This morning Theresa May will make commitments including an additional £153m in government funding for research into quantum computing technologies, including drug development, and 1,000 government-funded scholarships for AI and data conversion courses next year.
“Already we are one of the best places in the world to start and grow a tech business. British Tech is growing over one and a half times faster than the rest of the economy, adding more than £130bn to our economy every year,” May will say.
“But if we are going to maintain our position as a global leader, our challenge is how we develop British Tech and make it even better. We want this to be the place everyone thinks of – and comes to – first when they want to develop their world changing tech ideas.”
This afternoon the PM will host a roundtable of tech companies, including leading fintechs Monzo and TransferWise, to discuss “opportunities to fully harness the power of technology to enhance competitiveness, boost the economy and tackle societal challenges”.
The list of attendees includes:
• Cindy Rose, Microsoft UK
• Doug Gurr, Amazon UK
• Jean Pierre Brulard, VMware
• Ronan Harris, Google
• Tom Blomfield, Monzo
• Dr. Ling Ge, Tencent
• David Lloyd, Alibaba Group
• Taavet Hinrikus, TransferWise
• Lance Uggla, IHS Markit
• Demis Hassabis, Deepmind
• Nigel Toon, Graphcore
• Stephen Coleman, CodeBase
• Andrew Roughan, Plexar
• Suzanne Ashman, LocalGlobe
May resigned as Conservative party leader on Friday but will continue to hold the office of Prime Minister until a new party leader is elected by 22 July.
AltFi has asked No.10 for an agenda of topics at the meeting and will update when we hear more.