A new Silicon Valley campaign has been launched to drive investment into the UK’s trillion-dollar tech sector to fuel emerging technologies and economic growth, amid the UK’s plans to boost research and development (R&D) spend to £20 billion in 2024.
Last year, the UK proved itself to be a tech superpower as it became the third nation in the world to achieve a tech sector valued at one trillion dollars, alongside the US and China, with 162 ‘tech Unicorns’ valued at more than US$1 billion, more than Germany, France and Sweden combined.
Government research suggests that many of Silicon Valley’s top tech experts are not aware of the UK’s world-leading strengths and this campaign hopes to promote the UK sector’s agile regulation and world-class talent via targeted LinkedIn and digital display ads, a content partnership with TechCrunch as well as a short film by Stephen Fry.
The campaign is being supported by multiple UK tech unicorns Darktrace, Deepmind, Revolut and Matillion, with plans to invite US tech leaders to the UK for London Tech Week, further highlighting the government’s strong support for UK tech.
Khalid Talukder, Co-founder of DKK Partners, said: “The UK’s technology sector has proven itself to be a lucrative global powerhouse over the past few years and should be viewed as a leading hub to invest in by Silicon Valley. It is fantastic to see the government showing continued support towards the thriving businesses that are helping the nation’s economy to recover and grow.”