Integrated Review reinforces the Government’s commitment to science and technology – Oxford Capital commentary
Today the government released their long-awaited Integrated Review. Within it they reaffirmed their commitment to the fields of science and technology, stating that, in the years ahead, the countries which establish a leading role in critical and emerging technologies will be at the forefront of global leadership.
It is essential that the UK continues to be at the forefront of technological advancement, and must continue to take an active approach to building and maintaining a durable competitive edge in these fields of industry, not only for the benefit of the UK, but to contribute to creating a more resilient world.
The UK is ranked 4th in the Global Innovation Index, attracting more venture capital investment than Germany, France and Sweden combined – we are a world leader in applied innovation and transformative tech. The commitment to invest at least £800m in to the Advanced Research and Invention Agency, which will back breakthrough technologies and basic research through experimentation, will only strengthen the UKs position as a science and technology superpower.
Since 1999, Oxford Capital has actively invested in companies focused on science and technology, through the government backed Enterprise Investment Scheme. Today’s review shows that this commitment is as strong as it has ever been, and it will only get stronger.
David Mott, Founder Partner at Oxford Capital, commented:
“The UK remains one of the most attractive markets in which to launch a tech start up. We have a long history of backing founders and working with them to scale up their businesses into international markets and we welcome this new push from the government to foster entrepreneurial talent and innovations.”