The government is investing an extra £21 million into Tech City UK over four years.
It’s also increasing the Tier 1 (Exceptional Talent) visa cap to 2,000, up from 1,000.
The prime minister will host a roundtable at Downing Street on Wednesday for people in tech.
The UK Government announced on Tuesday that it’s investing an extra £21 million into technology organisation Tech City UK and doubling the number of visas available for a scheme often used by people working in technology.
Tech City UK is a semi-public organisation that works to help growing technology companies in the UK. The announcement from Number 10 said that the new money would go towards the expansion of its “Tech Nation” scheme intended to encourage tech outside of East London’s technology cluster.
So that means that Tech City UK will rebrand to Tech Nation and will aim to launch similar projects to its local Tech North initiative across the country.
A spokesperson for the prime minister told Business Insider that the extra £21 million in funding will be invested over four years. That’s on top of Tech City UK’s current government budget of around £2 million per year.
Tech City UK said in a statement that it will use …read more
Source:: Businessinsider – Politics