The Labour government launched a 10-year industrial strategy focused on boosting the UK tech sector through a lighter regulatory environment and increased research funding. This strategy includes a £22.6 billion increase in R&D spending by 2029-30, with explicit support for AI and advanced manufacturing initiatives. A key component is the aim to develop quantum computers by 2035, backed by substantial funding for the National Quantum Computing Centre, along with efforts to bolster the semiconductor sector.
The Labour government's new 10-year industrial strategy aims to transform the UK economy through increased funding and support for tech, AI, and advanced manufacturing.
Prime Minister Keir Starmer emphasized the strategy as a shift from short-term solutions to a clear vision for economic stability and investment.
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