A new government grant competition is launching to boost the growth of innovative tech start-ups and scale-ups in all corners of the country.
The £12.09 million Digital Growth Grant will focus on opening up access to skills training and advice, and providing support services to the digital and tech sector over two years.
Improving regional support networks for start ups and scale ups is a key focus for the funding, which will help spread the benefits of our world leading tech industry across the UK.
The grant will help to develop the next generation of success stories after the UK tech sector became the third globally to be valued at $1 trillion.
There are now more than 40 unicorns – companies valued at $1 billion – outside London and 100 regional futurecorns – businesses on track to gaining unicorn status – that are paving the way for future success across the country.
This funding will help cutting edge start ups and scale ups like these to create booming tech hubs throughout the UK and level up growth in these job and wealth-generating businesses.Source: Gov.uk